To determine how much Simba received in dollars, given that he exchanged E13,950 at an exchange rate of E15.50 per [tex]$1, follow these steps:
1. Identify the total amount in euros to be converted:
Simba has E13,950.
2. Note the exchange rate:
The exchange rate is E15.50 per $[/tex]1. This means for every dollar, 15.50 euros are exchanged.
3. Calculate the amount in dollars:
To convert euros to dollars, we need to divide the total amount in euros by the exchange rate.
[tex]\[
\text{Amount in euros} = \text{E13,950}
\][/tex]
[tex]\[
\text{Exchange rate} = \text{E15.50 per } \$1
\][/tex]
[tex]\[
\text{Amount in dollars} = \frac{\text{Amount in euros}}{\text{Exchange rate}}
= \frac{13,950}{15.50}
\][/tex]
[tex]\[
\text{Amount in dollars} = 900
\][/tex]
Therefore, Simba received $900.
