Question

Gary is looking over his receipts from his trip to europe. when he was in germany, he exchanged us dollars for euros at a rate of 1:0.7716, and when he was in poland, he exchanged euros for polish zloty at a rate of 1:4.0518. to four decimal places, what was the exchange rate of us dollars to polish zloty? a. 1:0.3199 b. 1:3.1264 c. 1:4.8234 d. 1:5.2512

Answer 1

The exchange rate of US dollars to Polish zloty is 1:3.1264. The correct option is b. 1:3.1264

Calculating exchange rates

From the question, we are to determine the exchange rate of US dollars to Polish zloty

From the given information,

Gary exchanged US dollars for Euros at a rate of 1:0.7716

That is,

1 US dollar = 0.7716 Euros

Also, he exchanged Euros for Polish zloty at a rate of 1:4.0518

That is,

1 Euro = 4.0518 Polish zloty

Now, we will find the value of 0.7716 Euros in Polish zloty

Since 1 Euro = 4.0518 Polish zloty

Then,

0.7716 Euro = 0.7716 × 4.0518 Polish zloty

∴ 0.7716 Euro = 3.1264 Polish zloty

But

1 US dollar = 0.7716 Euros

Therefore,

1 US dollar = 3.1264 Polish zloty

Hence, the exchange rate of US dollars to Polish zloty is 1:3.1264. The correct option is b. 1:3.1264

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