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The exchange rate is £1 = €1.17 - OCR - GCSE Maths - Question 10 - 2017 - Paper 1

Question 10

The exchange rate is £1 = €1.17. Work out how much he will get in total when he changes these notes. | Note | Number of notes | |-------|-----------------| | €50 ... show full transcript

Worked Solution & Example Answer:The exchange rate is £1 = €1.17 - OCR - GCSE Maths - Question 10 - 2017 - Paper 1

Step 1

Calculate the total value in euros.

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Answer

First, we calculate the total amount of euros from the notes:

For €50 notes:

Total from €50 notes = €50 × 2 = €100.
For €20 notes:

Total from €20 notes = €20 × 4 = €80.
For €10 notes:

Total from €10 notes = €10 × 9 = €90.
For €5 notes:

Total from €5 notes = €5 × 12 = €60.

Now, we sum these amounts to find the total in euros:

Total in euros = €100 + €80 + €90 + €60 = €330.

Step 2

Convert the total euros to pounds.

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Answer

Using the exchange rate of £1 = €1.17, we convert the total euros to pounds:

Total in pounds = Total in euros ÷ 1.17

Total in pounds = €330 ÷ 1.17 ≈ £282.05.

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