The <em>approximate</em> price for an ornamental bookcase from Germany and with a cost of EUR 830 on November 26, 2019 is equal to 753.64 USD.
<h3>How to determine the price of a good in terms of a foreign currency</h3>
Herein we have an application of <em>direct proportionality</em> 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 <em>approximate</em> 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: brainly.com/question/14372075
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