High School

Suppose a bottle of wine produced in France sells for 35 euros. If the exchange rate between euros and dollars is €1 = $1.30, how much will an American pay for the bottle of wine in dollars?

Answer :

An American will pay $45.50 for the bottle of wine.

To calculate the amount an American will pay for the bottle of wine in dollars, we need to convert the price from euros to dollars using the given exchange rate.

Step 1: Convert euros to dollars

The exchange rate between euros and dollars is €1 = $1.30. Therefore, the price of the wine in dollars can be calculated by multiplying the price in euros by the exchange rate: 35 euros * $1.30 = $45.50.

Step 2: Conclusion

Hence, an American will pay $45.50 for the bottle of wine.

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