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10 August, 08:36

Suppose a u. s.-made machine costs $500 and the exchange rate is 100 yen = $1. a japanese citizen purchasing this machine would pay:

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  1. 10 August, 09:16
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    When a machine is in US dollar and a Japanese needs to pay in Yen, the amount should be converted into Yen.

    A US Made machine cost $500

    Exchange rate : 100 Yen = $1

    In order to purchase the machine, a Japanese needs to pay:

    = Cost of the machine in dollars * Yen per dollar

    = $500 * 100

    = 50,000 yen

    Therefore, a machine of $500 will cost a Japanese in 50,000 Yen.
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