a family uses 12,986.64 swiss francs per year to pay a mortgage that requires us dollars. approximately how…

a family uses 12,986.64 swiss francs per year to pay a mortgage that requires us dollars. approximately how much, in us dollars, does the family spend per month on the mortgage? 1 us dollar = 0.9019 swiss francs 1 swiss franc = 1.11 us dollar $975 $1,080 $1,200 $1,440

a family uses 12,986.64 swiss francs per year to pay a mortgage that requires us dollars. approximately how much, in us dollars, does the family spend per month on the mortgage? 1 us dollar = 0.9019 swiss francs 1 swiss franc = 1.11 us dollar $975 $1,080 $1,200 $1,440

Answer

Explanation:

Step1: Convert annual Swiss - franc amount to US - dollars

Since 1 Swiss franc = 1.11 US dollars, and the annual amount in Swiss francs is 12986.64. The annual amount in US dollars is $12986.64\times1.11 = 14415.1704$ US dollars.

Step2: Calculate the monthly amount in US - dollars

There are 12 months in a year. So the monthly amount is $\frac{14415.1704}{12}=1201.2642$ US dollars, which is approximately 1200 US dollars.

Answer:

C. $1,200