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.
