A bank in Toronto charges 2.00% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3699. a. How many Canadian dollars will you have to pay to purchase US$1,440? Round to the nearest cent b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction? Round to the nearest cent
A bank in Toronto charges 2.00% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3699. a. How many Canadian dollars will you have to pay to purchase US$1,440? Round to the nearest cent b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction? Round to the nearest cent
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 14E
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A bank in Toronto charges 2.00% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3699.
a. How many Canadian dollars will you have to pay to purchase US$1,440?
Round to the nearest cent
b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction?
Round to the nearest cent
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