A holiday in Europe was advertised at a cost of €995.
The exchange rate was $1 = €0.86.
Calculate the cost of the holiday in dollars, giving your answer correct to the nearest cent.
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Given : A holiday in Europe was advertised at a cost of €995.
The exchange rate was $1 = €0.86.
To Find : Cost of the holiday in dollars, to the nearest cent.
Solution:
The exchange rate was $1 = €0.86.
=> €0.86 cost = $1
=> €1 cost = $ 1/0.86
=> €995 cost = 995/0.86 $
= 99500/86 $
= 1,156.976
= 1,156.98 $
Cost of the holiday in dollars, to the nearest cent = 1,156.98 $
1,156 $ and 98 cents
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