Question

The Muller family are on holiday in New Zealand. a. They change some euros (€) and receive $1962 (New Zealand dollars). The exchange rate is €1 = $1.635. Calculate the number of euros they change. [3] b. The family spend 15% of their New Zealand dollars on a tour. Calculate the number of dollars they have left. [4]

Answer 1

Answer:

a. €1200;$1667.70

Step-by-step explanation:

a. Number of euros

$\text{euros} = \ 1962 \times \dfrac{\text{1 euro}}{\text{\ 1.635}} = \textbf{1200 euros}$

b. Dollars remaining

Dollars on hand                        = $1962.00

Less 15 % spent = 0.15 × 1962 =   -294.30

Balance remaining                   =  $1667.70