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Albania is an Eastern European country that uses a currency called the Albanian Lek (ALL). Right now, $1 (1 USD) exchanges for 106.40 ALL. How many dollars (USD) could you exchange for 1,000,000 ALL? Answer: 1,000,000 ALL = _______ USD. Round your answer to two (2) decimal places. *

Answer :

MrRoyal

Answer:

$9398.50

Step-by-step explanation:

Given

[tex]\$1 = 106.40\ ALL[/tex]

Required

Equivalent of 1,000,000 ALL

We have:

[tex]\$1 = 106.40\ ALL[/tex]

and

[tex]\$x = 1000000\ ALL[/tex]

Cross Multiply

[tex]x * 106.40 = 1 * 1000000[/tex]

[tex]106.40x = 1000000[/tex]

Solve for x

[tex]x = 1000000/106.4[/tex]

[tex]x = \$9398.50[/tex] -- Approximated

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