Question

A family uses 12,986.64 Swiss francs per year to pay a mortgage that requires US dollars. Approximately how much, in US dollars, does the family spend per month on the mortgage? 1 US dollar = 0.9019 Swiss francs 1 Swiss franc = 1.11 US dollar

Answer 1

The family spends approximately 1201.26 US dollar per month on the mortgage.

Explanation

1 Swiss franc = 1.11 US dollar

So, 12986.64 Swiss francs $(1.11*12986.64)$ US dollar $=14415.1704$ US dollar.

That means, the family uses 14415.1704 US dollars per year to pay the mortgage.

Now, 1 year = 12 months

So, the amount of money, the family spends per month on the mortgage $= \frac{14415.1704}{12} = 1201.2642 \approx 1201.26$ US dollar.

Answer 2

Answer:c,$1,200

Step-by-step explanation: