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Eva bought an Xbox for US$199-95, when she was on holidays in the United States - Junior Cycle Mathematics - Question 13 - 2014

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Question 13

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Eva bought an Xbox for US$199-95, when she was on holidays in the United States. The exchange rate was US$1 = €1. (i) Convert the cost of the Xbox to euro. Write yo... show full transcript

Worked Solution & Example Answer:Eva bought an Xbox for US$199-95, when she was on holidays in the United States - Junior Cycle Mathematics - Question 13 - 2014

Step 1

(i) Convert the cost of the Xbox to euro. Write your answer correct to the nearest cent.

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Answer

To convert the cost of the Xbox from US dollars to euros, you can use the conversion formula:

ext{Cost in Euros} = rac{ ext{Cost in USD}}{ ext{Exchange Rate}}

In this case:

ext{Cost in Euros} = rac{199.95}{1.33} \\ \approx 150.34

Therefore, the cost of the Xbox in euros is €150.34.

Step 2

(ii) How much money did Eva save by buying the Xbox in the United States?

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Answer

To determine how much Eva saved by purchasing the Xbox in the United States, subtract the converted cost in euros from the price of the Xbox in Ireland:

Savings=Cost in Ireland−Cost in Euros=269.99−150.34≈119.65\text{Savings} = \text{Cost in Ireland} - \text{Cost in Euros} \\ = 269.99 - 150.34 \\ \approx 119.65

Thus, Eva saved €119.65 by buying the Xbox in the United States.

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