If 1 Euro Is Equal to $1

question 192

Multiple Choice

If 1 euro is equal to $1.10, then a bottle of wine selling for $10 U.S. dollars will cost _____ euros.

• A) 10.00
• B) 11.00
• C) 9.09
• D) 0.90
• E) 12.10

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Definitions:

Interest

Interest is the cost of borrowing money, typically expressed as a percentage of the principal amount.

Rate Of Interest

The percentage of principal charged by the lender for the use of its money.

Equivalent

Equal in value, amount, function, meaning, or the like.

Per Annum

An annual occurrence or rate, indicating something that happens or is calculated over the course of a year.