Question

Varia is studying abroad in Europe. She is required to pay $3,500 (in US dollars) per year to the university; however, she must pay in euros. How many euros can Varia expect to pay per month to the university? (Round to the nearest whole euro.)

0.7306euros = 1 US dollar



213 euros
2,557 euros
30,685 euros
57,487 euros

Answer 1

To find out how many euros Varia can expect to pay per month to the university, we can first convert the yearly tuition fee from US dollars to euros, and then divide by 12 to find the monthly payment.

1. Convert the yearly tuition fee from US dollars to euros:

\[
\text{Yearly Tuition in Euros} = \text{Yearly Tuition in USD} \times \text{Exchange Rate}
\]
\[
\text{Yearly Tuition in Euros} = 3,500 \, \text{USD} \times 0.7306 \, \text{euros/USD}
\]
\[
\text{Yearly Tuition in Euros} = 3,500 \times 0.7306 = 2,556.1 \, \text{euros}
\]

2. Now, find the monthly payment by dividing by 12:

\[
\text{Monthly Payment in Euros} = \frac{\text{Yearly Tuition in Euros}}{12}
\]
\[
\text{Monthly Payment in Euros} = \frac{2,556.1 \, \text{euros}}{12} \approx 213.01 \, \text{euros}
\]

Now, rounding to the nearest whole euro, Varia can expect to pay approximately **213 euros** per month to the university.

Thus, the answer is **213 euros**.