When you want to buy one euro and you're in Great Britain, the amount you'll need to pay is determined by the exchange rate between the British pound (GBP) and the euro (EUR).
From the provided exchange rate table, we see that the exchange rate for the British pound on April 3, 2013, is 0.8482. This exchange rate means that 1 euro is equivalent to 0.8482 GBP.
To find out how much one euro would cost in GBP, you simply use this exchange rate value directly. The cost to buy one euro is:
[tex]\[ \text{Cost in GBP} = 1 \text{ euro} \times \text{Exchange Rate (GBP)} \][/tex]
Substituting the values, we get:
[tex]\[ \text{Cost in GBP} = 1 \times 0.8482 = 0.8482 \][/tex]
Thus, one euro would cost 0.8482 British pounds. Comparing this figure to the options given:
- less than a pound
- more than a pound
- exactly one pound
- about eight pounds
It is clear that 0.8482 is less than a pound. Therefore, the correct answer is:
less than a pound.
