You are visiting Russia and need to convert your currency to the Russian Ruble. If you have [tex] \$1,500 [/tex], how much will you have in Russian Ruble?

Conversion Ratio:
[tex] \$1 = 70.82 \, \text{Rubles} [/tex]

A. [tex] 106,230.00 \, \text{Rubles} [/tex]

B. [tex] 21.18 \, \text{Rubles} [/tex]

C. [tex] 1,500.00 \, \text{Rubles} [/tex]

D. [tex] 70.82 \, \text{Rubles} [/tex]



Answer :

To determine how much you will have in Russian Ruble if you convert [tex]$\$[/tex]1,500[tex]$, we will follow these steps: 1. Identify the conversion ratio: $[/tex]1 USD = 870.82 Russian Ruble.
2. Multiply the amount in USD by the conversion ratio to find the equivalent amount in Russian Rubles.

Given:
- Amount in USD: [tex]$\$[/tex]1,500[tex]$ - Conversion Ratio: $[/tex]1 USD = 870.82 Russian Ruble

Step-by-Step Solution:

1. Multiply the amount in USD by the conversion ratio:
[tex]\[ 1500 \, \text{USD} \times 870.82 \, \text{Russian Ruble/USD} = 1,306,230 \, \text{Russian Ruble} \][/tex]

Therefore, [tex]$\$[/tex]1,500[tex]$ when converted to Russian Ruble will give you 1,306,230 Russian Rubles. Thus, the correct answer is: A $[/tex]\[tex]$ 106,230.00$[/tex]