Question

In April 2011, a bank gave the following exchange rates.
1 euro = 0.623 British pounds.
1 euro = 1936 Italian lire.

(a) Calculate how much one pound was worth in lire.

(b) Calculate how much one million lire was worth in pounds.

Answer 1

a) since both the values are equal to 1 euro then you can equate pounds to lire:
0.623 pounds = 1936 lire
dividing both sides by 0.623 you'll get
1 pound = 3,107.54 lires

b) if there are 0.623 pounds in 1936 lires then,
1,000,000 lires = 1,000,000 lires(0.623pounds/1936lires)
= 321.80 pounds

Answer 2

Thank you.😌

Answer 3

yw :)