Question

Varia is studying aboard in Europe. She is required pay $3,500( in US dollars) per year to university; however, she must pay in euros. How many euros can valria expect to pay per month to the university?

Answer 1

To find out how many euros Valria can expect to pay per month to the university, we need to convert the annual tuition cost from US dollars to euros using the exchange rate. The monthly cost in euros would be approximately €243.06.

Step-by-step explanation:

To find out how many euros Valria can expect to pay per month to the university, we first need to convert the annual tuition cost from US dollars to euros using the exchange rate. Let's assume the current exchange rate is 1 euro = $1.20.

The annual tuition cost in euros would be: $3,500 / 1.20 = €2,916.67

To find out the monthly cost in euros, we divide the annual cost by 12:

€2,916.67 / 12 = €243.06

Therefore, Valria can expect to pay approximately €243.06 per month to the university.