To determine the cost of one Euro in British pounds using the exchange rate provided from April 3, 2013, we need to understand how the exchange rate works.
The given exchange rate for the British pound is 0.8482. This means that 1 Euro is equal to 0.8482 British pounds.
To find out how much one Euro will cost in British pounds, we need to perform the following calculation:
[tex]\[
\text{Cost in Pounds} = \frac{1 \text{ Euro}}{\text{Exchange Rate}}
\][/tex]
Plugging in the exchange rate provided:
[tex]\[
\text{Cost in Pounds} = \frac{1 \text{ Euro}}{0.8482}
\][/tex]
When you perform this division:
[tex]\[
\text{Cost in Pounds} = 1.1789 \text{ pounds (approximately)}
\][/tex]
Hence, buying one Euro would cost approximately 1.1789 British pounds.
Analyzing the options given:
- less than a pound
- more than a pound
- exactly one pound
- about eight pounds
The correct answer is:
more than a pound
Therefore, if you lived in Great Britain and wanted to buy one Euro, it would cost you more than a pound.
