Suppose that the exchange rate from U.S. dollars to Canadian dollar is 1 U.S. dollar per 1.0028 Canadian dollars. Joey exchanges
1 answer:
You might be interested in
Answer:
Company A has a greater daily rate
Step-by-step explanation:
Given
Company A
Company B
Required
Determine the company with greater rate
Simplify the expression of company B
In a linear function:
m represents the rates.
This implies that the rate of company B is:
and the rate of company A is
By comparison:
Company A has a greater daily rate