Question

In: Finance

The dollar cost of the Euro is $1.19.

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?

Solutions

Expert Solution

(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.


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