Question

Exchange rates  Personal Finance Problem   Fred Nappa is planning to take a​ wine-tasting tour through Italy this summer. The tour will cost​ 2,750 euros ​( €​) and includes​ transportation, hotels, and a guide. Fred estimates that​ round-trip airfare from his home in North Carolina to​ Rome, Italy, will be $ $1,483​; he also will incur another $ 330 in incidental travel expenses. Fred estimates the cost of meals in Italy to be about euro €491​, and he will take an additional $1,020 to cover miscellaneous expenditures. Currently the exchange rate is $ 1.3431/ by euro 1.00 $1.3431/€1.00 ​(or euro 0.74455 divided by $ 1.00 €0.74455/$1.00​).

a.  Determine the total dollar cost of the trip to Italy.

b.  Determine the amount of euros ​( euro €​) Fred will need to cover meals and miscellaneous expenditures. a.  The total cost of the trip in dollars is ​$ nothing . ​(Round to the nearest​ dollar.)

Answer 1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE