The Ruiz family is exchanging euros for US dollars. The exchange rate is 1 euro equals 1.35261 USD. Since the Ruiz family knows that USD are stated to the nearest hundredth of a dollar, they used the conversion ratio. Will this give the Ruiz family the correct exchange?

Question

anonymous · Answer

this will give them a correct exchange, this is because if you round 1.35261 to the nearest hundredth 1 euro would be one dollar and 35 cents. I hope this helps, (not 100% positive)

anonymous · Answer

thank you!

Mercury · Answer

Asked & answered here: https://questioncove.com/study#/updates/5ed08dd7435654ec809a8000 I explain why the rounded exchange rate does *not* give them the correct exchange.