Question

Bethany lives in London.
Her cousin Pierre lives in Paris.
They are going on holiday together to America.
Pierre is offered an exchange rate of 1 euro to 1.07 dollars.
Bethany is offered an exchange rate of £1 to 1.25 dollars.
Bethany says, "Using these exchange rates, £1 is worth ............. euros."
Complete Bethany's sentence.
You must show all your working.

Answer 1

Bethany says, Using these exchange rates, £1 is worth 1.17 euros.

Step-by-step explanation

1 euro = 1.07 dollars

£1 = 1.25 dollars

Now ,

⇒ £1 = 1.25 dollars

⇒ £1 = $1.25dollars(\frac{1.07}{1.07})$

⇒ £1 = $(1.07dollars)(\frac{1.25}{1.07})$

⇒ £1 = $(1euro)(\frac{1.25}{1.07})$

⇒ £1 = $(1euro)(1.17)$

⇒ £1 =1.17 euros

Therefore , Bethany says, Using these exchange rates, £1 is worth 1.17 euros.