How much is 120 pesos in US dollars?
Understand the Problem
The question is asking for the conversion of 120 pesos to US dollars, which involves finding the current exchange rate and calculating the equivalent value in dollars.
Answer
$6$
Answer for screen readers
The final answer is 6 US dollars
Steps to Solve
- Find the current exchange rate
The exchange rate is the value of one currency for the purpose of conversion to another. You need to find the exchange rate from Mexican Pesos (MXN) to US Dollars (USD). For the sake of this example, let's assume the exchange rate is 1 MXN = 0.05 USD.
- Convert pesos to dollars using the exchange rate
Use the exchange rate to convert 120 pesos to dollars. If 1 MXN = 0.05 USD, then:
$$120 \text{ pesos} \times 0.05 \frac{\text{USD}}{\text{MXN}}$$
- Calculate the result
Perform the multiplication to find the equivalent amount in USD:
$$120 \times 0.05 = 6 \text{ USD}$$
The final answer is 6 US dollars
More Information
Currency exchange rates fluctuate regularly due to market conditions. The actual rate at the time of conversion may vary.
Tips
Common mistakes include not using the most up-to-date exchange rate or incorrectly setting up the conversion formula. Always double-check the current exchange rate before performing your calculation.
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