Question

The exchange rates from pounds (£) to euros (€) in two different airports are shown below.

Saskia converted some pounds at one of these airports and received
€41.86.
What is the smallest amount of money that she could have converted?
Airport 1
Airport 2
£1 = €1.15
£1 = €1.04

Answer 1

The smallest amount of money Saskia could have converted is £40.25, using the exchange rate from Airport 2 (£1 = €1.04) to get €41.86.

Step-by-step explanation:

To determine the smallest amount of money Saskia could have converted to receive €41.86, we should calculate the amount using the airport with the worse exchange rate, since this would require more pounds to receive the same amount in euros. The exchange rates given are £1 = €1.15 and £1 = €1.04. Here, the worse rate is from Airport 2, where £1 = €1.04.

The calculation is as follows:

1. Determine the amount in pounds that Saskia would need to exchange at Airport 2's rate to receive €41.86: £X = €41.86 / €1.04.
2. Perform the computation: £X = €41.86 / 1.04 = £40.25.
3. Thus, the smallest amount of money Saskia could have converted is £40.25 at Airport 2.