Question

Myra asked Annabelle to buy her some perfume while she was in France. Annabelle paid 200 euros for it. Myra wants to pay Annabelle back in U.S. dollars. If the foreign exchange rate between the U.S. dollar and the euro is 1:0.7, how much should Myra pay Annabelle?
A.) $140
B.) $240
C.) 286

Answer 1

Answer:

286

Step-by-step explanation:

Given : Myra asked Annabelle to buy her some perfume while she was in France. Annabelle paid 200 euros for it. Myra wants to pay Annabelle back in U.S. dollars.

To Find:  If the foreign exchange rate between the U.S. dollar and the euro is 1:0.7, how much should Myra pay Annabelle?

Solution:

Since Annabelle paid 200 euros

And Myra wants to pay Annabelle back in U.S. dollars.

Let Myra paid amount to Annabelle in U.S. dollar be x

We are also given that  the U.S. dollar and the euro is 1:0.7

⇒$\frac{1}{0.7}=\frac{x}{200}$

⇒$\frac{1*200}{0.7}=x$

⇒$\frac{200}{0.7}=x$

⇒$285.7=x$

⇒285.7≈286

Thus Myra should pay $286 to Annabelle