Question

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 1.35usd/1 euro unit. Will this give the Ruiz family the cor

Answer 1

Lets look at this problem. So they currently have Euros and want US dollars. So the right numbers are plugged in but we need to see if this would give them Euros. Turns out they would. Say if they have 3000 Euros
\[3000 Euros (1.35usd/1 euro)\]
Will give the amount in dollars