Question

When driving in England, a U.S. tourist puts gasoline in his car and pays 1.35 European pounds per liter (pounds per liter). The price of gasoline in his U.S. hometown is $3.39 per gallon. Suppose the exchange rate is 0.705 pounds for $1.50. Is gasoline more expensive in England or in the U.S.?

Answer 1

Answer: England

Explanation:

England: 1.35 euro/liter

`\text{U.S:}\quad (\$3.39)/(gallon)* (0.705\ euro)/(\$1.50)* (1\ gallon)/(3.785\ liter)=(0.42\ euro)/(liter)`

1.35 > 0.42

England > US