Question

While traveling to Europe, Phelan exchanged 250 US dollars for euros. He spent 150 euros on his trip. After returning to the United States he converts his money back to US dollars. How much of the original 250 US dollars does Phelan now have? Round to the nearest cent. 1 European euro = 1.3687 US dollars

Answer 1

Convert usd into euros to make this easier...
1 eur/ 1.3687usd = 0.7306 eur.
250x0.7306 = 182.65 euro From this we’ll subtract the 150 euro he spent. 182.65 - 150 = 32.65 eur
He converts 32.65 back to usd (32.65x0.7306 = 23.85 usd, or 32.65/1.3687 = 23.85usd)
He would be left with $23.85 US dollars