Hello there. To solve this question, we'll have to remember some properties about ratios.
Given that Elena haves €2990 and wants to convert it to dollars, knowing that the current conversion rate is $1 = €1.17, we need to determine how much money she'll have in dollars.
For this, assume she'll have x dollars after the conversion.
This means that, in this conversion, the ratio is €2990 = $ x.
Using the given ratio for conversion, we get that:
[tex]\frac{x}{1}=\frac{2990}{1.17}[/tex]
Calculate the fractions
[tex]x\approx2555.55[/tex]
This is the answer to this question.
