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Before boarding her flight to Zurich, Switzerland, Prisha purchased CHF1,450 from her bank when the exchange rate was C$1 = CHF0.9639. However, Prisha had to cancel the %3D trip. Prisha returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHF0.9959, how many Canadian dollars would Prisha have lost in these transactions? Assume the bank has a 1.85% commission on both the sale and the purchase of the funds.

Before boarding her flight to Zurich, Switzerland, Prisha purchased CHF1,450 from her bank when the exchange rate was C$1 = CHF0.9639. However, Prisha had to cancel the %3D trip. Prisha returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHF0.9959, how many Canadian dollars would Prisha have lost in these transactions? Assume the bank has a 1.85% commission on both the sale and the purchase of the funds.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Before boarding her flight to Zurich, Switzerland, Prisha purchased CHF1,450 from her bank when the exchange rate was C$1 = CHF0.9639. However, Prisha had to cancel the trip. Prisha returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHFO.9959, how many Canadian dollars would Prisha have lost in these transactions? Assume the bank has a 1.85% commission on both the sale and the purchase of the funds. $0.00 Round to the nearest cent
Transcribed Image Text:Before boarding her flight to Zurich, Switzerland, Prisha purchased CHF1,450 from her bank when the exchange rate was C$1 = CHF0.9639. However, Prisha had to cancel the trip. Prisha returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHFO.9959, how many Canadian dollars would Prisha have lost in these transactions? Assume the bank has a 1.85% commission on both the sale and the purchase of the funds. $0.00 Round to the nearest cent
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