Question

Tess, who lives in the United States, is on a trip to Europe. She is going first to Germany, where the currency is the euro (€), and then to Switzerland, where the currency is the Swiss franc (CHF). As she travels from Germany to Switzerland, she finds that she has the equivalent of $527 remaining in euros, which she wishes to convert to Swiss francs. If, at the time of Tess’s exchanges, the exchange rate of the US dollar to the euro is 1:0.6957 and the exchange rate of the euro to the Swiss franc is 1:1.4755, how many Swiss francs does she have? Round all currencies to two decimal places.
a.
366.63 francs
b.
513.39 francs
c.
540.96 francs
d.
777.59 francs


Please select the best answer from the choices provided

A
B
C
D

Answer 1

First convert $527 to euros: 527 × 0.6957 = 366.6339 → 366.63 € (rounded).
Then convert euros to francs: 366.63 × 1.4755 = 540.962565 → 540.96 CHF.

Answer: C