Sure, here is a step by step solution in Python:

Step 1: First, we need to get the amount of money that needs to be converted. We can do this using the `input()` function in Python.

```python
amount = float(input("Enter the amount in your local currency: "))
```

Step 2: Next, we need to convert the amount to the destination currency. We know that the exchange rate is fixed at 1.18. So, we can simply multiply the amount with the exchange rate to get the converted amount.

```python
converted_amount = amount * 1.18
```

Step 3: The problem statement asks us to round the converted amount to two decimal places. We can do this using the `round()` function in Python.

```python
converted_amount = round(converted_amount, 2)
```

Step 4: Finally, we need to output the converted amount. We can do this using the `print()` function in Python.

```python
print("The amount in the destination currency is: ", converted_amount)
```

So, the complete program would look like this:

```python
amount = float(input("Enter the amount in your local currency: "))
converted_amount = amount * 1.18
converted_amount = round(converted_amount, 2)
print("The amount in the destination currency is: ", converted_amount)
```

This program will take an amount in one currency as input, convert it to another currency using the exchange rate, and then output the converted amount rounded to two decimal places.

Question

Sure, here is a step by step solution in Python:

Step 1: First, we need to get the amount of money that needs to be converted. We can do this using the `input()` function in Python.

```python
amount = float(input("Enter the amount in your local currency: "))
```

Step 2: Next, we need to convert the amount to the destination currency. We know that the exchange rate is fixed at 1.18. So, we can simply multiply the amount with the exchange rate to get the converted amount.

```python
converted_amount = amount * 1.18
```

Step 3: The problem statement asks us to round the converted amount to two decimal places. We can do this using the `round()` function in Python.

```python
converted_amount = round(converted_amount, 2)
```

Step 4: Finally, we need to output the converted amount. We can do this using the `print()` function in Python.

```python
print("The amount in the destination currency is: ", converted_amount)
```

So, the complete program would look like this:

```python
amount = float(input("Enter the amount in your local currency: "))
converted_amount = amount * 1.18
converted_amount = round(converted_amount, 2)
print("The amount in the destination currency is: ", converted_amount)
```

This program will take an amount in one currency as input, convert it to another currency using the exchange rate, and then output the converted amount rounded to two decimal places.

Knowee AI · Accepted Answer