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Johanna just returned from a trip to South Africa. She has 7342 rands, the currency of South Africa. She looks up the exchange rate and finds that 1 South African rand = 0.1125 U.S. dollars. What is the value of her money in U.S. dollars

Answer :

Johanna has 7,342 Rands.

The exchange rate is 1 Rand = 0.1125

To find the value of the money in US dollars, multiply the amount in Rands by 0.1125

[tex]7,342\times0.1125=\$825.975[/tex]

Therefore, the value of the money in US dollars is $825.975

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