On a backpacking trip through Europe, Troy spent 20 Swiss francs to stay one night in a youth hostel. If the foreign exchange rate between the U.S. dollar and the Swiss franc is 1:2.2, how much did Troy spend in U.S. dollars?
Answer: Hence, Troy spend 9.09 in U.S. dollars.
Step-by-step explanation:
Since the foreign exchange rate between the U.S. dollar and the Swiss franc is 1:2.2.
It means,
1 U.S. dollar = 2.2 Swiss Franc
Now, According to question, Troy spent 20 Swiss francs to stay one night in a youth hostel.
So, 1 Swis Franc = \(\dfrac{1}{2.2}\)
20 Swiss Franc = \(\dfrac{20}{2.2}=\$9.09\)
Hence, Troy spend 9.09 in U.S. dollars.