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What would the car be selling for today in US dollars

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Problem 1: In 1985, a given Japanese imported automobile sold for 1,476,000 yen, or $8,200. If the car still sold for the same amount of yen today but the current exchange rate is 144 yen per dollar, what would the car be selling for today in U.S. dollars?

Option a. $10,250

Option b. $12,628

Option c. $13,525

Option d. $5.964

Option e. $8,200

Reference no: EM132614262

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