we can start with finding a function which give us British Pounds(P) from U.S. Dollars(d) after the exchange rate(x):
[tex]P(d)=dx[/tex]
so now we plug in what we know, total British Pounds(560560) and US dollars(800800) and we get:
[tex]560560=800800x[/tex]
We divide 560560 by 800800:
[tex]x=0.7[/tex]
so the exchange rate is €0.70 for $1