Shows an exchange rate table.
| cy | Exchange Rate April 3, 2013 (Euro = 1) |
|---|---|
| lev | 1.96 |
| dollar | 1.301 |
| anc | 1.2149 |
| und | 0.8482 |
| yen | 119.4065 |
| lar | 1.2839 |
On April 3, 2013, one euro could be exchanged for about how many Japanese yen?
A. 1
B. 119
C. 2
D. 121
Answer (1)
Read the exchange rate from the table: 1 Euro = 119.4065 Japanese Yen.
Round the exchange rate to the nearest whole number: 119.4065 ≈ 119.
State the final answer: One euro could be exchanged for about 119 Japanese yen.
Explanation
Understanding the Problem We are given an exchange rate table and asked to find the number of Japanese Yen that one Euro could be exchanged for on April 3, 2013. We can directly read this value from the table.
Reading the Exchange Rate The exchange rate table shows that on April 3, 2013, 1 Euro = 119.4065 Japanese Yen.
Rounding to the Nearest Whole Number Since the question asks 'about how many Japanese yen', we should round the exchange rate to the nearest whole number. Rounding 119.4065 to the nearest whole number gives us 119.
Final Answer Therefore, on April 3, 2013, one euro could be exchanged for about 119 Japanese yen.
Examples
Exchange rates are used every day by people traveling, businesses importing or exporting goods, and investors trading currencies. Understanding exchange rates allows you to determine how much your money is worth in another country, which is essential for budgeting and making financial decisions when dealing with international transactions. For example, if you are planning a trip to Japan, knowing the Euro to Yen exchange rate helps you estimate the cost of your trip in Euros.
