Question

Using the exchange rate £1 = €1.11, calculate how many £ are in €18.42. Give your answer rounded to 2 dp.

Answer 1

`16.59 \£`

Explanation:

Given: £1 = €1.11

To find: Number of £ in €18.42

Solution:

Currency unit such as the dollar, pound, rupee are in the form of a coin or banknote. It is used as medium of exchange for purchasing goods and services. Currency unit is issued by a country's central bank.

£ denotes sign of pound and € denotes euro sign.

As £1 = €1.11, € =
`(1)/(1.11)`£

Number of £ in €18.42 =
`(18.42)/(1.11)=16.59 \£`