Answer:
Explanation:
To find out how much $1 is worth in euros (€), we can use the given conversion rates:
1. £1 = $1.34
2. £1 = €1.12
Now, we want to find the value of $1 in euros (€). We can use these conversion rates to set up a proportion:
\[\frac{\text{Dollars}}{\text{Pounds}} = \frac{\text{Euros}}{\text{Pounds}}\]
Substitute in the given values:
\[\frac{1}{1.34} = \frac{\text{Euros}}{1.12}\]
Now, solve for Euros:
\[ \text{Euros} = \frac{1}{1.34} \times 1.12 \]
Calculate this expression to find the value of $1 in euros (€). Rounding to 2 decimal places, we get:
\[ \text{Euros} \approx \frac{1}{1.34} \times 1.12 \approx 0.8358 \]
Therefore, $1 is worth approximately €0.84.