Currency Conversion 6Cc811
1. **Problem statement:**
Given the exchange rate €1 = £0.72,
(a) Find how much €410 is in £.
(b) Find the £ to € exchange rate.
2. **Formula and rules:**
To convert from euros (€) to pounds (£), multiply the amount in euros by the exchange rate:
$$\text{Amount in £} = \text{Amount in €} \times 0.72$$
To find the inverse exchange rate (from £ to €), take the reciprocal of the given rate:
$$\text{£ to € rate} = \frac{1}{0.72}$$
3. **Calculations:**
(a) Convert €410 to £:
$$410 \times 0.72 = 295.2$$
So, €410 is £295.2.
(b) Calculate £ to € exchange rate:
$$\frac{1}{0.72} \approx 1.3889$$
So, £1 is approximately €1.3889.
4. **Explanation:**
- To convert currencies, multiply by the exchange rate.
- To find the reverse rate, take the reciprocal.
- This ensures consistent conversions between currencies.
**Final answers:**
(a) £295.2
(b) £ to € rate is approximately 1.3889