Monday
March 2, 2015

Homework Help: math!

Posted by *Thara* on Saturday, February 6, 2010 at 9:22pm.

Radu has just returned from a business trip in Britain with 250 of uncashed traveller's cheques. How much would he receive from the bank when he converts the currency back to Canadian dollars, assuming that the bank offers an exchange rate of C$1.00 = 0.4470 and charges a 0.65% fee to convert the traveller's cheques to Canadian funds?

ANSWER:
1/.4470=2.2371
250*2.2371=559.275
.65*559.275=363.53

is $363.53 the answer!?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

money conversion problem - I have a currency conversion problem that I have ...
math - Suppose that you learn, prior to your trip to British Columbia, that ...
math - Suppose that you learn, prior to your trip to British Columbia, that ...
Math, rates - Which rates are equivalent? 6 U.S. dollars = 18 U.S. dollars 8 ...
currency exchange/ math - Timothy sold US$130 to a bank when the exchange rate ...
Math - A.48 u.s. dollars?= 72 us dollars 64 Canadian dollars 128 Canadian ...
Pseudocode programming - I need a currency conversion application. It does not ...
math - Suppose you are exchanging currency in the London airport. The currency...
math - one U.S. dollar is equivilant to $1.34 dollars Canadian dollars. Write an...
IT210 - I would really appreciate it if you can please explain how the following...

Members