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10 November, 15:55

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.

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  1. 10 November, 17:02
    0
    1.17 Euros

    Step-by-step explanation:

    Given that £1 equals 1.25 dollars then to get the value of 1 dollar will be 1/1.25=£0.8

    If 1 Euro equals to 1.07 dollars and knowing that 1 dollar is equal to £0.8 then 1.07 dollars will be equal to 1.07*0.8=£0.856

    1.07 dollars=£0.856=1Euro

    1.25 dollars = £1=x Euros

    Cross multiplying the last two parts then

    £0.856 * x Euros=£1*1Euro

    X=1/0.856=1.1682242990654

    Rounding off to 2 decimal places, x=1.17

    Therefore £1 is worth 1.17 Euros
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