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:
We can express the amount of euros obtained for 700 US dollars by setting up the following proportion:
Now, let's compute the value of :
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:
- How much would 1000 US dollars be in euros at the same exchange rate?
- If the exchange rate changes to 1 euro = 1.80 US dollars, how many euros would 700 US dollars be?
- What is the formula to convert euros to US dollars given the exchange rate?
- How many US dollars would you need to obtain 500 euros at the current exchange rate?
- 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