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Lilia wants to exchange US dollars for Euros before traveling to France. Her bank offers her an exchange rate of 1 US dollar to 0.84 Euros. Approximately how many US dollars does Lilia need to exchange if she wants to receive 350 Euros from her bank?
Choose 1 answer:
(A) 266
(B) 294
(c) 417
(D) 434

Lilia wants to exchange US dollars for Euros before traveling to France. Her bank offers her an exchange rate of 11 US dollar to 00.8484 Euros. Approximately how many US dollars does Lilia need to exchange if she wants to receive 350350 Euros from her bank?\newlineChoose 11 answer:\newline(A) 266 \mathbf{2 6 6} \newline(B) 294294\newline(C) 417417\newline(D) 434434

Full solution

Q. Lilia wants to exchange US dollars for Euros before traveling to France. Her bank offers her an exchange rate of 11 US dollar to 00.8484 Euros. Approximately how many US dollars does Lilia need to exchange if she wants to receive 350350 Euros from her bank?\newlineChoose 11 answer:\newline(A) 266 \mathbf{2 6 6} \newline(B) 294294\newline(C) 417417\newline(D) 434434
  1. Exchange rate calculation: Lilia wants to exchange US dollars for Euros. The exchange rate is 11 US dollar to 0.840.84 Euros. To find out how many US dollars she needs to exchange to get 350350 Euros, we need to divide the amount of Euros she wants by the exchange rate.\newlineCalculation: rac{350 ext{ Euros}}{0.84 ext{ Euros per US dollar}}.
  2. Division to find US dollars needed: Performing the division to find out the number of US dollars needed.\newlineCalculation: 3500.84416.6667\frac{350}{0.84} \approx 416.6667.
  3. Rounding to the nearest whole number: Since Lilia cannot exchange a fraction of a dollar, we need to round the number to the nearest whole number. The closest whole number to 416.6667416.6667 is 417417.
  4. Comparing with given options: We compare the result with the given options to find the correct answer.\newlineThe closest answer to 417417 is option (C) 417417.

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