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Lady bird [3.3K]
3 years ago
6

A bank gives two dollars in eastern caribbean currency for one united states dollar. Given 1% tax is charged on all foreign exch

ange transactions, calculate the amount in ec currency which a tourist receives in exchange for us 1200
Mathematics
1 answer:
horsena [70]3 years ago
3 0

Answer:

A tourist receives 2376 ec currency in exchange for us 1200.

Step-by-step explanation:

This can be calculated as follows:

Tax rate = 1%

Amount of us currency = 1200

Total amount of ec currency = Amount of us currency * 2 = 1200 * 2 = 2400

Amount of tax = Total amount of ec currency * Tax rate = 2400 * 1% = 24

Net amount of ec currency = Total amount of ec currency - Amount of tax = 2400 - 24 = 2376

Net amount ec currency obtained above is the amount of ec currency which a tourist receives in exchange for us 1200.

Therefore, a tourist receives 2376 ec currency in exchange for us 1200.

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Bus A and Bus B leave the bus depot at 7 am.
Art [367]

Answer:

9:30 am

Step-by-step explanation:

We can make a chart and keep filling it in until we see the same time in both columns.

Bus A          Bus B

7:00             7:00

7:30             7:50

8:00            8:40

8:30           9:30

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We can also use the least common multiple of 30 and 50.

We need to find the smallest number that is a multiple of both 30 and 50.

30 = 2 * 3 * 5

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The first time the buses will be at the depot together after 7:00 am is 150 minutes later. 150 minutes = 2 hours 30 minutes.

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Answer: 9:30 am

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