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Elan Coil [88]
2 years ago
6

The Ruiz family is exchanging euros for US dollars. The exchange rate is 1 euro equals 1.35261 USD. Since the Ruiz family knows

that USD are stated to the nearest hundredth of a dollar, they used the conversion ratio. Will this give the Ruiz family the correct exchange? Explain.
Mathematics
2 answers:
vazorg [7]2 years ago
8 0
No because when you are dealing with money you are never supposed to round up or down you are supposed to be exact
Pavlova-9 [17]2 years ago
5 0

Answer:

No, by rounding the conversion ratio, the Ruiz family will not be getting the most accurate answer. Using the more accurate conversion ratio will give an answer with more than 2 decimal places so the answer can accurately be rounded after the conversion.

Step-by-step explanation:

sample response

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