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podryga [215]
4 years ago
12

In France gasoline is 2.096 per liter. There are 3.78541178 liters per gallon. If the Euro is trading at 1.762 then the equivale

nt price per gallon is
Mathematics
1 answer:
Lana71 [14]4 years ago
4 0

Answer:

equivalent price/ gallon = 13.98 US$ / gallon

Step-by-step explanation:

Assuming that the exchange rate is 1.762 US$ /€ , then

thus

equivalent price/ gallon =   liters/gallon * euros / liter * dollars/euro

equivalent price/ gallon = 3.78541178 liters/ gallon *  2.096 € /liter * 1.762 US$ /€ = 13.98 US$ / gallon

equivalent price/ gallon = 13.98 US$ / gallon

if the actual price would be different from the equivalent , then there would be an arbitrage opportunity ( profit with no risk)

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Answer:

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Step-by-step explanation:

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6 0
4 years ago
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Levart [38]

Answer:

(4,1)

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