Currency Exchange D06F7F
1. The problem involves understanding currency exchange rates between British Pounds (£) and Euros (€).
2. We are given two exchange rates: £1 = €1.15 and £1 = €1.08.
3. These rates mean that for every 1 British Pound, you get 1.15 Euros at Airport 1 and 1.08 Euros at Airport 2.
4. To compare or convert amounts, use the formula: $$\text{Amount in Euros} = \text{Amount in Pounds} \times \text{Exchange Rate}$$
5. For example, converting £68.31 to Euros at Airport 1: $$68.31 \times 1.15 = 78.5565$$ Euros.
6. At Airport 2, converting £68.31: $$68.31 \times 1.08 = 73.7548$$ Euros.
7. This shows that Airport 1 offers a better exchange rate for converting Pounds to Euros.
8. Always multiply the amount in Pounds by the exchange rate to get the equivalent in Euros.