miniii1111 miniii1111

15-05-2024
Mathematics

Answered

The exchange rate is GBP£1 = EUR€1.1675

A woman is travelling to Europe and wants to have some cash in advance. How much will she receive in Euros if she is exchanging £450 using the rate above?

On her return trip, she still has €56. The exchange rate has changed and is now £1 = €1.4023

i. Is the exchange rate better or worse now?

ii. How many pounds will she get back?

Verified Answer :

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