A fancy bottle of wine in Europe costs 90 euros. If the exchange rate is 1 US dollar to 0.89 euros, how much does the wine cost in US dollars?

Question

Quizplus · Accepted Answer

In this problem, you are asked to determine the amount of money you would obtain through an exchange of currencies. We know that the exchange rate between baht and the U.S. dollar is 1 U.S. dollar is equal to 0.89 euros. If we were to right it as a ratio, it would look like: 1 : 0.89 Step 1: Represent the exchange rate as a fraction. In order to perform this conversion, we need to write the exchange rate (the ratio) as a fraction. The numerator should be the currency you would like to convert to (U.S. dollars) and the denominator will be the currency you have (euros). ¹/_0.89 Step 2: Multiply the exchange rate fraction by the amount you would like to exchange: 90 • ¹/_0.89 = 101.12 dollars ⁹⁰/_0.89 = 101.12 dollars We then round to the nearest dollar, which results in $101. Answer: 90 euros is equal to $101 US dollars

A Fancy Bottle of Wine in Europe Costs 90 Euros