Final answer:
When exchanging $1000 at an exchange rate of $100 equals 85 Euros, you would receive 850 Euros.
Step-by-step explanation:
If the current exchange rate is that one hundred U.S. dollars equals 85 Euros, to find out how many Euros you would receive when exchanging $1000, you can set up a proportion based on the given exchange rate:
- $100 = 85 Euros
- $1000 = x Euros
You can now solve for 'x', the amount of Euros you'd receive:
$1000 / $100 = x / 85 Euros
Now you cross multiply and solve for 'x':
$1000 * 85 Euros = $100 * x
85000 Euros = $100 * x
85000 / $100 = x
x = 850 Euros
Therefore, if you exchange $1000, you would receive 850 Euros.