Question

On a certain day, the exchange rate was 60 U.S. dollars for 50 euro. How many U.S. dollars were 60 euro worth that day?

Answer 1

The exchange rate can be expressed as: 60 dollars / 50 euro

So 60 euros * 60 dollars / 50 euro = 60 * 60 / 50 dollars (the euros cancel out)
= 3600 / 50 dollars
= 360 / 5 dollars
= 72 dollars