Myra asked Annabelle to buy her some perfume while she was in France. Annabelle paid 200 euros for it. Myra wants to pay Annabelle back in U.S. dollars. If the foreign exchange rate between the U.S. dollar and the euro is 1:0.7, how much should Myra pay Annabelle?
The exchange rate is 0.7 Euros is equal to $1 USD. 200 Euros is 285 times 0.7 Euros. With ratios, you must multiply or divide both sides equally. Therefore 200 Euros is equal to $285 USD.
