Explanations:Currency conversion is a fundamental concept in international finance and travel. It involves converting an amount from one currency to another using the current exchange rate. In this question, we are given the exchange rate of 1 Rupee = 0.014 USD and need to convert $1.40 USD to Indian Rupees.
To perform the conversion, we use the given exchange rate. The exchange rate tells us that 1 Rupee is equivalent to 0.014 USD. Therefore, to find out how many Rupees are equivalent to 1.40 USD, we need to divide the amount in USD by the exchange rate:
\[
\text{Amount in Rupees} = \frac{\text{Amount in USD}}{\text{Exchange Rate}}
\]
Substituting the given values:
\[
\text{Amount in Rupees} = \frac{1.40 \text{ USD}}{0.014 \text{ USD per Rupee}}
\]
Performing the division:
\[
\text{Amount in Rupees} = \frac{1.40}{0.014} = 100.00 \text{ Rupees}
\]
Thus, $1.40 USD is equivalent to 100.00 Indian Rupees. The question also mentions that you are in Mumbai, a coastal city in India, and trying a local dish called Akuri. The correct answer is therefore "India, 100.00," as it correctly identifies the country and the converted amount in Rupees.
It is important to note that currency conversion is a straightforward process when the exchange rate is known. However, students often make mistakes by using the wrong exchange rate or performing the conversion in the wrong direction. Always ensure that you are using the correct exchange rate and performing the division or multiplication as required by the problem.