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?\n1 us dollar = 0.9019 swiss francs\n1 swiss franc = 1.11 us dollar\no $975\no $1,080\no $1,200\no $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?\n1 us dollar = 0.9019 swiss francs\n1 swiss franc = 1.11 us dollar\no $975\no $1,080\no $1,200\no $1,440

Answer

Explanation:

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

We know that 1 Swiss franc = 1.11 US dollars. The family spends 12986.64 Swiss francs per year. So the yearly amount in US - dollars is $12986.64\times1.11$. $12986.64\times1.11 = 12986.64\times(1 + 0.11)=12986.64+12986.64\times0.11=12986.64 + 1428.5304=14415.1704$ US dollars per year.

Step2: Calculate the monthly amount in US - dollars

To find the monthly amount, we divide the yearly amount by 12. $\frac{14415.1704}{12}=1201.2642\approx1200$ US dollars per month.

Answer:

C. $1,200$