Asked by KERRY
Timothy sold US$130 to a bank when the exchange rate was C$1 = US$0.9315. The bank charged him a commission of 0.55%.
How many Canadian dollars did he receive from the bank for US$130?
How many Canadian dollars did he receive from the bank for US$130?
Answers
Answered by
Steve
U$130 * C$!/U$0.9315 = C$139.56
the commission is C$139.56 * 0.0055 = 0.77
So, the final amount received was 139.56-.77 = 138.79
the commission is C$139.56 * 0.0055 = 0.77
So, the final amount received was 139.56-.77 = 138.79
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.