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3 years ago

An American tourist visits South Africa with $3000. The exchange rate when she arrives is

Mathematics

1 answer:

algol [13]3 years ago

8 0

9514 1404 393

Answer:

$2505.80

Step-by-step explanation:

After the first exchange, the tourist has ...

$3000(12.90 R/$) = R38,700

After 7 days, she has ...

R38,700 -7(R900) = R32,400

After the second exchange, she has ...

R32,400 × ($1/R12.93) = $2505.80

She gets $2505.80 at the second exchange.

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