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Margarita [4]
3 years ago
14

Aggie is an Australian exchange student in China, and she currently has 14,000 yuan in her bank account. If the exchange rate ch

anges from 1 Australian dollar = 6.21 Chinese yuan to 1 Australian dollar = 6.37 Chinese yuan, what happens to the value in Australian dollars of the money in Aggie's bank account?
Mathematics
1 answer:
Evgen [1.6K]3 years ago
3 0
Find the value in Australian dollars for each exchange rate. 
<span>1st exchange rate: </span>
<span>14000/6.21= $2254.43 </span>

<span>2nd exchange rate: </span>
<span>14000/6.37= $2197.80 </span>

<span>Find the difference between the two: </span>
<span>$2254.43 - $2197.80 = $56.63 </span>

Since the first value is greater than your second one Aggie lost money and your answer is <span>It decreases by $56.63.</span>
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