Question

You are going to Europe for vacation and must exchange your money. The exchange rate of Euros to

Dollars is a proportional relationship. At the Exchange Counter you exchanged 500 dollars and received
375 euros. In the problem above we found that the unit rate described the number of Euros in a Dollar. Now find the exchange rate for Dollars to Euros.

Answer 1

The exchange rate for Dollars to Euros is of 1.33.

Explanation:

This question is solved by proportions, using a rule of three.

Exchange rate for Dollars to Euros.

We want to find the number of dollars in a euro.

In 375 euros, there are 500 dollars, so how many dollars in 1 euro?

375 euros - 500 dollars

1 euro - x dollars

Applying cross multiplication:

`375x = 500`

`x = (500)/(375)`

`x = 1.33`

The exchange rate for Dollars to Euros is of 1.33.