Peter has 900 New Zealand dollars. If 1 U.S. dollar equals 1.4167 New Zealand dollars, about how many U.S. dollars can Peter buy for his New Zealand dollars?
Accepted Solution
A:
Multiply the NZ dollar amount by the conversion factor:
900 NZ dollars 1 US dollar --------------------- * -------------------------- = $635.28, or approx. $635. 1 1.4167 NZ dollars