Use the conversion rates below to find how much $1 is worth in euros (€).
Give your answer to 2 d.p.
£1 = $1.41
£1 = €1.15
$1 = €
What is the conversion rate of $1 to euros (€) using the given rates?
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To find out how much $1 is worth in euros (€), we can use the given conversion rates.
1. First, we know that £1 = $1.41. Therefore, we can find out how many dollars are equivalent to 1 euro using the rate £1 = €1.15.
2. We can calculate how many euros correspond to $1 using the following steps:
– From the first conversion, we have:
[
1 text{ euro} = frac{£1}{1.15}
]
– Next, convert £1 to dollars (from £1 = $1.41):
[
1 text{ euro} = frac{1.41 text{ dollars}}{1.15}
]
3. Now perform the division:
[
1 text{ euro} = frac{1.41}{1.15} approx 1.2261 text{ dollars}
]
4. To find how much $1 is worth in euros, we take the reciprocal of that value:
[
text{So, } 1 text{ dollar} = frac{1}{1.2261} approx 0.8154 text{ euros}
]
5. Finally, rounding to 2 decimal places gives us:
[
1 text{ dollar} approx