00:02
Okay, we've got various conversion problems with euros and dollars.
00:09
We're given a future exchange rate of one euro is $1 .69.
00:16
And part a is asking us, well, what is one dollar equal in euros? well, if we know that 169 is 1 euro, we can just divide both sides of our equation by 169.
00:47
So on the left, we'll have $1.
00:53
And on the right, we'll have 1 divided by 169, which if i use my calculator, works out to be 59, do they call it sense? 5 ,900s of a euro.
01:19
Okay, so that's part a.
01:26
And part b essentially is asking us to convert 727 and 5500s of a euro into dollars.
01:47
Okay, so we can just take our 727.
01:51
727 .5 euros.
01:55
And then we can pick any of our conversion factors.
02:01
Why don't we use the $1 .69, the original one.
02:07
So if i put $1 .69 over one euro, then i'm essentially multiplying by one.
02:17
I'm using a conversion factor.
02:19
And these units of euros cancel.
02:21
So all i have to do is take $7 .27 .5 .500 and multiply that by a buck 69.
02:33
And i get my answer in dollars, $1 ,229.
02:40
And 56 cents.
02:46
Okay, let's look at part c.
02:49
Part c is asking us to convert 1 ,6 ,000.
03:02
36 cents convert that into euros.
03:14
Okay, so let's use a conversion factor...