Question

Varia is studying abroad in Europe. She is required pay $3,500 (in US dollars) per year to the university; however, she must pay in euros. How many euros can Varia expect to pay per month to the university?

Answer 1

Answer: 247.92 euros

Explanation:

Given: Varia is required pay $3,500 (in US dollars) per year to the university.

So,
`$3500/ 12 \approx\$291.67`

i.e. She will pay $ 291.67 per month.

Recent currency value: 1 US dollar = 0.85 euro

∴ $291.67 = ( 0.85 ×291.67) euros

= 247.92 euros [Round to the nearest cent]

∴ She can expect 247.92 euros to pay per month to the university.