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
s
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
Updated 11/22/2015 8:44:13 AM
Rating
8
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.

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