To convert the cost of the souvenir from pesos to U.S. dollars, we need to multiply the number of pesos by the exchange rate.
Here are the step-by-step calculations:
1. Identify the total cost of the souvenir in pesos, which is 750 pesos.
2. Identify the exchange rate, which is [tex]$0.05 USD for every 1 peso.
3. Multiply the number of pesos by the exchange rate to obtain the cost in U.S. dollars:
\( 750 \text{ pesos} \times 0.05 \text{ (USD/peso)} = 37.5 \text{ USD} \)
Therefore, the souvenir that Julia buys for 750 pesos will cost her $[/tex]37.50 USD with the given exchange rate.
