Math Problem Statement

If 1 USD =120 Japanese yen and 1 USD =0.85 euro find the exchange rate between the euros and the Japanese yen

Solution

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Math Problem Analysis

Mathematical Concepts

Currency Conversion
Proportions

Formulas

1 EUR = 1 / 0.85 USD
1 EUR = (1 / 0.85) * 120 JPY

Theorems

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Suitable Grade Level

Grades 8-10