12
QuizMultiple Choice

Converting Currency

Question 12 • FowU - Financial Math - B

Rob is going over his currency exchange receipts from his trip to Japan and South Korea. When he was in Japan, he exchanged US dollars for Japanese yen at a rate of 1:87.441, and when he was in South Korea, he exchanged Japanese yen for South Korean won at a rate of 1:12.395. To three decimal places, what was the exchange rate of US dollars to South Korean won?

Answer
A
1:0.092
B
1:7.055
C
1:99.836
D
1:1,083.831

Explanation

One US dollar buys 87.441 Japanese yen, and each yen buys 12.395 South Korean won. Multiply the rates: 87.441 × 12.395 = 1,083.831195 won per US dollar. Rounded to three decimal places, the exchange rate is 1:1,083.831, so the correct choice is D.

AI-written and checked against the verified answer.

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