The euro is the official currency of over half of the nations in the European Union. Similar to the U.S. dollar, one euro is equal to 100 euro-cents. So, all answers below should be rounded to the nearest cent.
Different currencies are compared using an exchange rate. For example, in February 2021, the exchange rate between the euro and the U.S. dollar was 1 euro to $1.21. One way to think about this is as follows: if a store sold an item for 1 euro in Finland, then that would be comparable to an item with a price of $1.21.
Suppose at some future date that the exchange rate is set to be 1 euro to $1.13, as seen in the spreadsheet applet above. Use this to answer the following questions.
(a) Establish the exchange rate from the opposite perspective. In other words, 1 dollar would be equivalent to .66 euros.
Then, as a proportion, we may write the following:
1 euro is to 1.13 dollars as euro is to 1 dollar.
(b) Fill in the blank: Using the exchange rate, we find that 773.61 euros, converts to $ 874.18.
(c) After returning from a trip to Spain, Lydia converted her euros back to dollars. Using the given exchange rate, if Lydia received back $1,570.88, then she exchanged euros.
(d) Leo is searching online for a vacation rental house in Belgium. If the weekly rental rate for a house is listed as 3372.24 euros, then Leo will need to pay a rental fee equivalent to $ .