While traveling to Europe, Phelan exchanged 250 US dollars for euros. He spent 150 euros on his trip. After returning to the United States he converts his money back to US dollars. How much of the original 250 US dollars does Phelan now have? Round to the nearest cent.
1 European euro = 1.3687 US dollars
44.70 US dollars
73.06 US dollars
136.87 US dollars
140.41 US dollars
Phelan exchanged 250 US dollars for euros, so he would receive 250 / 1.3687 = 182.60 euros.
After spending 150 euros, Phelan would have 182.60 - 150 = 32.60 euros left.
Converting the remaining euros back to US dollars, Phelan would receive 32.60 * 1.3687 = 44.71 US dollars.
Rounded to the nearest cent, Phelan would have 44.71 US dollars from his original 250 US dollars.