The exchange rate is £. Mo changes € back into pounds. How many pounds does he get, to the nearest penny?
Answer and explanation
Correct answer: A. £299.15
- Step 1: Euros are worth less than pounds here, so divide by the rate.
- Step 2:
- Step 3: To the nearest penny this is £299.15.
Answer
£299.15.
Why not the others: £409.50: This multiplies by , which converts pounds into euros rather than euros into pounds. £348.83: This subtracts the rate from the amount, which is not a conversion. £290.50: This treats the rate as a percentage and takes off €, which is not a currency conversion.
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