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September 17, 2014

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!?

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