Question

Three people are traveling and need to exchange the currency of their native country

Answer 1

Answer:

Step-by-step explanation:

1. Exchange rate = 1 U.S. dollar per 0.9009 foreign currency

i. U.S. Currency (in dollars) = 73.00

   Foreign currency = 81.03

ii. U.S. Currency (in dollars) = 20.00

   Foreign currency = 22.20

2. Exchange rate = 1 U.S. dollar per 1.3699 foreign currency

i. U.S. Currency (in dollars) = 30.00

   Foreign currency = 21.90

ii. U.S. Currency (in dollars) = 50.00

   Foreign currency = 36.50

3. Exchange rate = 1 U.S. dollar per 1.5873 foreign currency

i. U.S. Currency (in dollars) = 25.00

   Foreign currency = 15.75

4. Exchange rate = 1 U.S. dollar per 1.11 Australian dollar

i. U.S. Currency (in dollars) = 72.00

   Equivalent Australian dollar = 72.00 x 1.11 = 79.92