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Traveling between countries means exchanging money. Suppose the exchange rate is 3 dollars to 2 Euros. How many Euros would you receive in exchange for 1 dollar

User Hiilo
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1 Answer

5 votes

Answer:you would receive 2/3 euros in exchange for 1 dollar.

Explanation:

Suppose the exchange rate is 3 dollars to 2 Euros, we want to determine the number of Euros that you would receive in exchange for 1 dollar. Let x euros equal 1 dollar.

Therefore,

3 dollars = 2 euros

1 dollar = x euros

Cross multiplying,

3x = 2

x = 2/3 euros

User Jeff Wilcox
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