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spin
1 month 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:
PIT_PIT [12.4K]1 month ago
8 0
No, because when handling money, exact amounts are required; rounding either up or down is not acceptable.
Svet_ta [12.7K]1 month ago
5 0

Answer:

No, rounding the conversion factor will prevent the Ruiz family from obtaining the most precise result. Using the full, unrounded ratio provides a value with more decimal places, allowing for a more accurate rounding after the conversion calculation.

Step-by-step explanation:

sample response

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