Math Problem Statement

If one euro = 1.7148 US dollars, how many euros can be obtained for 700 US dollars?

Solution

To determine how many euros can be obtained for 700 US dollars, we need to use the exchange rate given:

1 euro=1.7148 US dollars1 \text{ euro} = 1.7148 \text{ US dollars}

We can express the amount of euros EE obtained for 700 US dollars by setting up the following proportion:

E=7001.7148E = \frac{700}{1.7148}

Now, let's compute the value of EE:

E7001.7148408.23E \approx \frac{700}{1.7148} \approx 408.23

Conclusion

You can obtain approximately 408.23 euros for 700 US dollars.

Would you like any further details on the solution? Here are 5 related questions you might consider:

  1. How much would 1000 US dollars be in euros at the same exchange rate?
  2. If the exchange rate changes to 1 euro = 1.80 US dollars, how many euros would 700 US dollars be?
  3. What is the formula to convert euros to US dollars given the exchange rate?
  4. How many US dollars would you need to obtain 500 euros at the current exchange rate?
  5. How does a change in the exchange rate affect the amount of currency obtained?

Tip: When converting currencies, always double-check the exchange rate to ensure accuracy!

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Math Problem Analysis

Mathematical Concepts

Proportion
Currency Conversion

Formulas

Currency conversion using proportions

Theorems

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Suitable Grade Level

Grades 7-9