What is the conversion rate of $1 to euros (€) using the given rates?

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