Solved on Dec 05, 2023

Matilda needs to exchange £21 for euros. Given the exchange rate of £1 = €1.12, how many euros can she get? Round the answer to 2 decimal places.

STEP 1

Assumptions
1. Matilda has £21 to exchange.
2. The exchange rate is £1 = €1.12.

STEP 2

To find out how many euros Matilda can get for her pounds, we need to multiply the amount of pounds she has by the exchange rate.
Euros=Pounds×ExchangerateEuros = Pounds \times Exchange\, rate

STEP 3

Now, plug in the given values for the pounds and the exchange rate to calculate the euros.
Euros=£21×1.12Euros = £21 \times €1.12

STEP 4

Calculate the amount in euros.
Euros=£21×1.12=23.52Euros = £21 \times €1.12 = €23.52

STEP 5

Since we need to give the answer to 2 decimal places, we check if the calculated amount is already in the correct format.
23.52€23.52 is already to 2 decimal places.

STEP 6

Matilda can get €23.52 for her £21.
Matilda can exchange £21 for €23.52.

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