Question

Suppose that on November 26, 2019, an ornamental bookcase handmade in Germany is priced at EUR 830. The approximate U.S. dollar price of the bookcase would be .

Answer 1

The approximate price for an ornamental bookcase from Germany and with a cost of EUR 830 on November 26, 2019 is equal to 753.64 USD.

How to determine the price of a good in terms of a foreign currency

Herein we have an application of direct proportionality model, now described:

y = k · x     (1)

Where:

• x - Cost of the bookcase in Germany, in euros.
• k - Currency exchange rate, in US dollars per euros.
• y - Cost of the bookcase in the United States, in US dollars.

If we know that x = 830 EUR and k = 0.908 USD/EUR, then the cost of the bookcase in the United States is:

y = (830 EUR) · (0.908 USD/EUR)

y = 753.64 USD

The approximate price for an ornamental bookcase from Germany and with a cost of EUR 830 on November 26, 2019 is equal to 753.64 USD.

To learn more on currencies: https://brainly.com/question/14372075

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