Math Problem Statement
If 1 euro is worth 1.07 dollars and 1 pound is worth 1.25 dollars, how much is 1 pound worth in euros?
Solution
To find out how much 1 pound is worth in euros, we can follow these steps:
-
We know that:
- 1 euro = 1.07 dollars
- 1 pound = 1.25 dollars
-
To find how many euros 1 pound is worth, we divide the value of 1 pound in dollars by the value of 1 euro in dollars:
So, 1 pound is worth approximately 1.168 euros.
Would you like more details or have any questions?
Here are some related questions for further practice:
- If 50 euros are exchanged to pounds, how many pounds would you get?
- How many dollars are 100 pounds worth at these rates?
- What is the euro-dollar exchange rate if 1 pound equals 1.20 euros?
- If the value of 1 euro increases to 1.10 dollars, how much would 1 pound be in euros?
- How much would 1 euro be worth in pounds if the pound was 1.30 dollars?
Tip: To convert between different currencies, always compare both against a common reference, usually a third currency like the U.S. dollar.
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Math Problem Analysis
Mathematical Concepts
Currency Conversion
Ratios
Formulas
Value of 1 pound in euros = (Value of 1 pound in dollars) / (Value of 1 euro in dollars)
Theorems
Proportionality Theorem
Suitable Grade Level
Grades 6-8