Mathematics homework, 10 points?
A tourist had US currency made up of
2 one hundred dollars
6 fifty dollars
4 twenty dollars
3 ten dollars
(1) Calculate the TOTAL value of the US currency.
The tourist changed all her money into EC currencey
The exchange rate of the bank is US $1.00= EC $2.70. The bank also charges 2% on all exchange transactions.
(2) Calculate the value of EC currency the tourist received AFTER the bank charges were deducted.
show all working out please!!!
Q1:
= 2($100.00) + 6$(50.00) + 4($20.00) + 3($10.00)
= $200.00 + $300.00 + $80.00 + $30.00
= $610.00
Answer: $610.00
Q2:
= (1 – 0.02)(EC$2.70[610.00])
= 0.98(EC$1,647.00)
= EC$1,614.06
Answer: EC$1,614.06
