Suppose 17 pesos can be exchanged for $1. A Mexican businessman is interested in buying a home in Texas. If the price of the home in Texas is $200,000, how many Mexican pesos must he have to buy this home

Total cost in pesos= $3,400,000

Explanation:

Giving the following information:

One dollar= $17 pesos

Total cost of the house= $200,000 dollars

To calculate the total cost in Mexican pesos, we need to multiply the exchange rate by the total cost in dollars.

Total cost in pesos= 200,000*17

Total cost in pesos= $3,400,000

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