Section: Math

36) John is traveling to Ghana, where the Cedi is the monetary unit for purchasing goods and services. He decides to buy travelers checks, which he can then use as cash at any retail location. He pays $29.60 (a 7% fee) for the travelers checks on the total purchase, which equals 600 Cedi. If he is at a trading post and decides to trade a personal possession valued at $4500 USD, how many Cedi is the item worth at the same exchange rate?

3,385 Cedi
4,385 Cedi
5,385 Cedi
6,385 Cedi

Explanation

Divide $29.60 by 7%. You'll get $422.857143. Divide this number by 600 Cedi for the exchange rate (.70476190). Divide $4,500 by this number for your final answer.