On one day the value of $1.00 U.S. was equivalent to 0.77 euro. On the same day $1.00 U.S. was equivalent to $1.24 Canadian. Write the function to represent the value of Canadian dollars euros. What is the value of the function for an input of 5 rounded to nearest cent, and what does it represent?

Answer 1

($Can/Euro) = ($Can/$US)*(*US/Euro)
= (1/1.24)*(0.77) = 0.621

$Canadian = 0.621*(Euros)

Five Canadian dollars is worth $3.11 Euros (at that time)

It would be worth more today.