Before boarding her flight to Zurich, Switzerland, Prisha purchased CHF1,450 from her bank when the exchange rate was C$1 = CHF0.9639. However, Prisha had to cancel the %3D trip. Prisha returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHF0.9959, how many Canadian dollars would Prisha have lost in these transactions? Assume the bank has a 1.85% commission on both the sale and the purchase of the funds.

Before boarding her flight to Zurich, Switzerland, Prisha purchased CHF1,450 from her bank when the exchange rate was C$1 = CHF0.9639. However, Prisha had to cancel the %3D trip. Prisha returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHF0.9959, how many Canadian dollars would Prisha have lost in these transactions? Assume the bank has a 1.85% commission on both the sale and the purchase of the funds.

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter2: Working With Real Numbers

Section2.3: Rules For Addition

Problem 8P

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