In: Finance
The dollar cost of the Euro is $1.19.
a. You are planning a trip to Europe and read that hotel charges 125 euros per night. What is the cost to you in dollars?
b. Your dollar will buy how many dollars?
(a) Calculation of Cost of Dollars
1Euros = $1.19
Therefore the cost in Dollars is $148.75 (125 * 1.19)
(b.) Calculation of amount of Dollar that euro will buy :
1 / 1.19 = 0.8403361345.