Answer:
286
Step-by-step explanation:
Given : Myra asked Annabelle to buy her some perfume while she was in France. Annabelle paid 200 euros for it. Myra wants to pay Annabelle back in U.S. dollars.
To Find: If the foreign exchange rate between the U.S. dollar and the euro is 1:0.7, how much should Myra pay Annabelle?
Solution:
Since Annabelle paid 200 euros
And Myra wants to pay Annabelle back in U.S. dollars.
Let Myra paid amount to Annabelle in U.S. dollar be x
We are also given that the U.S. dollar and the euro is 1:0.7
⇒[tex]\frac{1}{0.7}=\frac{x}{200}[/tex]
⇒[tex]\frac{1*200}{0.7}=x[/tex]
⇒[tex]\frac{200}{0.7}=x[/tex]
⇒[tex]285.7=x[/tex]
⇒285.7≈286
Thus Myra should pay $286 to Annabelle
