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Question
exchange rateunit0.17 sad(s)0.11 pop(s)1 opc = 1.85 peak(s)0.13 equa(s)0.04 var(s)for questions 1-4, determine the equivalent values for each currency exchange.fill in the blank 20 pointsandrea exchanged $500 for 445 toros. complete the two statements based on this currency exchange. round to the nearest thousandth.5. 1 dollar = (toros)6. 1 toros = (dollars)
Step1: Set up conversion ratio
We know $500$ USD = $445$ euros. The ratio is $\frac{445}{500}$ euros per USD.
Step2: Calculate 1 USD in euros
$\text{1 USD} = \frac{445}{500} = 0.89$ euros
Step3: Set up inverse conversion ratio
The ratio for euros to USD is $\frac{500}{445}$ USD per euro.
Step4: Calculate 1 euro in USD
$\text{1 euro} = \frac{500}{445} \approx 1.12$ USD
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- 1 dollar = 0.89 euros
- 1 euro = 1.12 dollars