Question

As an estimation we are told €4 is $5.

What is the conversion rate from $ to €?

Give your answer rounded to 2 DP (decimal places).

Answer 1

5/4=$1.25 per €1

Explanation:

just divide 5/4=1.25

Answer 2

The conversion rate with 2 decimal places is $1.25

Explanation:

We know that €4 is $5 as it is given in the problem as an estimation...

So we can use the rule of 3, to know the conversion rate between the two currencys.

We already know that €4 is $5, so we pose that €1 is $x

From this rule, we have that

`x=(1*5)/(4)=(5)/(4)`

and

`(5)/(4)=1.25`

and $1.25 for every € is the conversion rate.