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:

  1. We know that:

    • 1 euro = 1.07 dollars
    • 1 pound = 1.25 dollars
  2. 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:

Value of 1 pound in euros=1.25dollars1.07dollars/euro=1.168euros\text{Value of 1 pound in euros} = \frac{1.25 \, \text{dollars}}{1.07 \, \text{dollars/euro}} = 1.168 \, \text{euros}

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:

  1. If 50 euros are exchanged to pounds, how many pounds would you get?
  2. How many dollars are 100 pounds worth at these rates?
  3. What is the euro-dollar exchange rate if 1 pound equals 1.20 euros?
  4. If the value of 1 euro increases to 1.10 dollars, how much would 1 pound be in euros?
  5. 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