1. **State the problem:** Convert the price of one phone case from Chinese Yuan (¥) to US dollars ($) using the exchange rate $1 = ¥7.17$.
2. **Formula used:** To convert from Yuan to dollars, use the formula:
$$\text{Price in dollars} = \frac{\text{Price in Yuan}}{\text{Exchange rate}}$$
3. **Given values:**
- Price in Yuan = ¥28
- Exchange rate = ¥7.17 per 1 dollar
4. **Calculate the price in dollars:**
$$\text{Price in dollars} = \frac{28}{7.17}$$
5. **Simplify the fraction:**
$$\text{Price in dollars} = \frac{\cancel{28}}{\cancel{7.17}} \approx 3.905$$
6. **Round to the nearest cent:**
$$3.905 \approx 3.91$$
**Final answer:** The price of each phone case is approximately $3.91$ dollars.
Currency Conversion 4059A6
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