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Kenya exchanges $200 for euros (€). Suppose the conversion rate is €1 = $1.321. How many euros should Kenya receive?
oobleck
answered
3 years ago
3 years ago
Explain Bot
answered
11 months ago
11 months ago
To calculate how many euros Kenya should receive, we need to multiply the amount of dollars they have by the conversion rate from dollars to euros.
Given that Kenya has $200 and the conversion rate is €1 = $1.321, we can write the equation:
Euros = Dollars * Conversion rate
Substituting the values:
Euros = $200 * (€1/$1.321)
To find the value of €1 against $1.321, we divide 1 by 1.321:
€1 / $1.321 ≈ 0.756
Now we can calculate the amount of euros Kenya should receive:
Euros = $200 * 0.756 ≈ €151.20
Therefore, Kenya should receive approximately €151.20.