If US$1 = ₱56, how many pesos are US$250 worth?
Correct answer: D. ₱14,000
250 × ₱56 = ₱14,000. A quick method: 250 is a quarter of 1,000, and ₱56,000 ÷ 4 = ₱14,000. The exchange rate here is only an example; actual rates change daily and are published by the BSP.
easy