Question

Mitchell traded Canadian dollars for Thai baht at an exchange rate of 1 Canadian dollar = 35.0581 Thai baht. He gave the exchanger a total of $1600 and was charged a flat fee of $60. Approximately how many Thai baht does Mitchell have?

Answer 1

Hi there!

Since he was charged $60 as a flat fee and gave $1,600, that means he had $1,540 ($1,600 - $60) to exange in Thai baht.

Now, in order to find your answer you'll need to use the cross product method:

$1 CAD = 35.0581 BAHT

$1,540 CAD = X BAHT

(35.0581 × 1,540) ÷ 1 = X BAHT

53,989.474 ÷ 1 = X BAHT

53,989.474 = X BAHT

53,989.45 ≅X BAHT

The answer is : Mitchell has approximately 53,989.45 Thai baht.

There you go! I really hope this helped, if there's anything just let me know! :)