Question

Carlos is about to return to the U.S. from France where they use the euro. He has 276 euros he’d like to exchange, and the bank tells him that is equal to 298.25 U.S. dollars.

Determine the exchange rate of euros to U.S. dollars.

Answer 1

[AI-generated answer — Bot GPT 3.5]

To determine the exchange rate of euros to U.S. dollars, we need to divide the amount of euros by the amount of U.S. dollars:

Exchange rate = Amount of U.S. dollars / Amount of euros
Exchange rate = 298.25 / 276
Exchange rate ≈ 1.08

Therefore, the exchange rate of euros to U.S. dollars is approximately 1.08.