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
Answer: 540.96 Swiss francs. Tess has $527 in Euros = 527 x 0.6957 = 366.63 in Euros. Converted to Swiss francs = 366.63 x 1.4755 = 540.96 in Swiss francs.
Question
Asked 11/22/2015 8:19:20 AM
Updated 11/22/2015 8:44:13 AM
1 Answer/Comment
