Kr$\texThe exchange rate of U. S. dollars ($) to Icelandic kr$\text{\'o}$nur (ISK) is $\$1.00 = 120\text{ ISK}$. On a trip to Reykjav$\text{\'\i}$k, Geri orders a meal for $2370\text{ ISK}$. What is the equivalent price in U. S. dollars and cents?

Enter your answer in the form $\$ab. cd$, where $a, b, c,$ and $d$ are replaced by appropriate digits.

answer: x

step-by-step explanation:

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;