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28 October, 06:43

If the foreign exchange rate between the U. S. dollar and the Danish krone is 1:2.50, how many Danish kroner will you get for $5?

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  1. 28 October, 06:45
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    That the foreign exchange rate between the US dollar and the Danish krone is 1:2.50 means that USD 1 = Dk 2.5 From that you create the conversion factor = > 1 = Dk 2.5 / USD 1 Now use the conversion factor to convert USD 5 to Dk = > USD 5 = USD 5 * Dk 2.5 / USD = 12.5 Dk. Answer: 12.5 Danish krone
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