Last year when Laura attended a business conference in Berlin,the exchange rate was 0.7 euro for US$1.This year she plans to attend that conference and the exchange rate is 0.8 euro for US$1.Laura estimates that her lodging and meals will be _____ expensive than last year.

Question

Quizplus · Accepted Answer

The exchange rate increased from 0.7 to 0.8 euros per US dollar, meaning Laura gets more euros for each dollar. This makes her expenses in euros less expensive by approximately 12.5%, which rounds to 13% less.

Last Year When Laura Attended a Business Conference in Berlin,the