Question

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

Answer:

£1 = ∈1.16822 (approx)

Step-by-step explanation:

Notations:

£ = Pound

∈ = EURO

$ = dollar

Given:

1 ∈ = $1.07

=> $1 = ∈ (1/1.07)  ........(i)

         

Given:    

£1 = $1.25

=> $1 = £(1/1.25) ...      (ii)

From (i) and (ii)

∈ (1/1.07)  = £ (1/1.25)

£ (1/1.25) = ∈(1/1.07)

£1 = ∈(1.25* (1/1.07))

£1 = ∈(1.25/1.07)

£1 = ∈1.16822

Answer 2

Answer:

1.16

Step-by-step explanation:

First have to get the rates:

€1 to $1.07= €1÷$1.07=0.93

£1 to $1.25= £1÷$1.25=0.80

you now have divide (together) the exchange rate of both

0.93÷0.80= 1.1625.

to a decimal point= £1.62