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.

If she must pay in euros , then we convert $3,500 into euros.

Current rate : 1 US dollar = 0.85 euro

Then, $3,500 = ( 0.85 x 3500) euros

= 2975 euros

She can expect 2975 euros to pay per year.

Also,
`2975/ 12\approx247.92` [ 1 years = 12 months]

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