2012 AMC 12B Problems/Problem 4

Problem

Suppose that the euro is worth 1.3 dollars. If Diana has 500 dollars and Etienne has 400 euros, by what percent is the value of Etienne's money greater that the value of Diana's money?

$\textbf{(A)}\ 2\qquad\textbf{(B)}\ 4\qquad\textbf{(C)}\ 6.5\qquad\textbf{(D)}\ 8\qquad\textbf{(E)}\ 13$

Solution

The ratio $\frac{400 \text{ euros}}{500 \text{ dollars}}$ can be simplified using conversion factors:\[\frac{400 \text{ euros}}{500 \text{ dollars}} \cdot \frac{1.3 \text{ dollars}}{1 \text{ euro}} = \frac{520}{500} = 1.04\] which means the money is greater by $\boxed{ \textbf{(B)} \ 4 }$ percent.

See Also

2012 AMC 12B (ProblemsAnswer KeyResources)
Preceded by
Problem 3
Followed by
Problem 5
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
All AMC 12 Problems and Solutions

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