Assume that the exchange rate between the euro and the dollar is €1.00 = $1.50. an american tourist in germany is buying a product whose price is €50. how much in u.s. dollars would the tourist have to pay to buy the product?

Respuesta :

The answer would be $75 I think.

The amount in U.S. dollars that the tourist would have to pay to buy the product can be calculated as follows:

Euro and the dollar is €1.00 = $1.50 ………………….. (1)

Equation (1) implies the value of euro is higher than the value of dollars. Therefore, we get $1.5 for €1.00.

Therefore, the amount the tourist would have to pay in U.S. dollars can be calculated by multiplying 50 by $1.50 as follows:

Amount the tourist would have to pay in U.S. dollars = $1.50 * 50

Amount the tourist would have to pay in U.S. dollars = $75

Therefore, the amount in U.S. dollars that the tourist would have to pay to buy the product is $75.

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