Question

If one Canadian Dollar is worth 1.05 US dollars, you would receive ___ US dollars if you traded 100 Canadian dollars.

100

105

150

155

Answer 1

105 us dollars

explanation

1 canadian dollor=1.05 us dollars

100 canadian dollar=?

cross multiply to get 100*1.05=105 us dollars

Answer 2

The Answer is 105 US Dollars.

Explanation:

Given that,

The exchange rate between United states and Canada is as follows:

one Canadian Dollar = 1.05 US dollars

If a person traded 100 Canadian dollars, then that person receives amount in dollars as follows:

100 Canadian dollars = 100 × 1.05 US Dollars

                                   = 105 US Dollars

Therefore, a person receives 105 US dollars if he traded 100 Canadian dollars.