Whole numbers soLving PROBLEMS: FINANCE Methuli is on holiday in China. The currency in China is the yuan \( (¥) \). Methuli buys a meal at McDonald's for \( ¥ 87 \). If the exchange rate between the South African rand and the Chinese yuan \( (¥) \) is \( ¥ 1=R 2 \), determine the price of Methuli's meal in rands.
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The Deep Dive
To find the price of Methuli's meal in rands, you multiply the cost of the meal in yuan by the exchange rate. So, if the meal costs ¥ 87 and the exchange rate is ¥ 1 = R 2, you simply do the calculation: \( ¥ 87 \times R 2 = R 174 \). Thus, Methuli spent R 174 on her meal. When dealing with currency conversions, it's essential to keep track of the rates as they can fluctuate wildly! Always double-check the latest rates before making conversions, as a small mistake can lead to budgeting issues. Next time you're exchanging money, consider using online calculators or apps that can provide up-to-date information quickly!
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