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

Since 1 euro equals 1.3687 US dollars, the 150 euros Phelan spent were worth 150 × 1.3687 = 205.305 US dollars. Subtract that from his original 250 dollars: 250 − 205.305 = 44.695, which rounds to 44.70 US dollars. The correct choice is 44.70 US dollars.

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