1. The problem is to convert ?2,900 to US dollars given the exchange rate 1 USD = ?58.00. 2. To find how many US dollars correspond to ?2,900, we divide the amount in the local currency by the exchange rate: $$\text{US dollars} = \frac{2900}{58}$$ 3. Perform the division: $$\frac{2900}{58} = 50$$ 4. Therefore, ?2,900 is equivalent to 50 US dollars.