To determine how many US dollars you will get for R5,000 based on the given exchange rate of R1 = 0.068 US dollars, follow these steps:
1. Identify the given values:
- Amount in Rands: R5,000
- Exchange rate: R1 = 0.068 USD
2. Set up the multiplication:
- Since the exchange rate tells you how many US dollars you get for one Rand, you need to multiply the amount of Rands by the exchange rate.
3. Perform the calculation:
- Dollars = Rand amount Exchange rate
- Dollars = 5,000 0.068
4. Calculate the result:
- Dollars = 5,000 * 0.068 = 340
Thus, for R5,000, you will get $340.
So, if you save R5,000 for spending money, you will receive 340 US dollars.
