If the exchange rate between the dollar and the euro is equal to €0.76 per $1.00,then what is the U.S.dollar cost of a German-made Porsche costing €39,000?
A)$29,640
B)$51,316
C)$39,000
D)$297
E)None of these

Question

Quizplus · Accepted Answer

To convert the euro cost of the Porsche to dollars, we simply multiply by the exchange rate:

$39,000 x €0.76/$1.00 = $29,640

Therefore, the U.S. dollar cost of the Porsche is $29,640. Option B is the correct answer.

If the Exchange Rate Between the Dollar and the Euro