Manvir purchased US$14,000 from a bank in America, which charged her a commission of 0.7%, and sold the US dollars to a bank in Canada, which charged her a 0.24% commission. How much money did she lose or gain? Assume that the exchange rate was C$1 = US$0.8931. C$ 0.00 Round to the nearest cent Answer as positive is there was a gain, and negative if there was a loss
Manvir purchased US$14,000 from a bank in America, which charged her a commission of 0.7%, and sold the US dollars to a bank in Canada, which charged her a 0.24% commission. How much money did she lose or gain? Assume that the exchange rate was C$1 = US$0.8931. C$ 0.00 Round to the nearest cent Answer as positive is there was a gain, and negative if there was a loss
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Transcribed Image Text:Manvir purchased US$14,000 from a bank in America, which charged her a commission
of 0.7%, and sold the US dollars to a bank in Canada, which charged her a 0.24%
commission. How much money did she lose or gain? Assume that the exchange rate
was C$1= US$0.8931.
0.00
Round to the nearest cent
Answer as positive is there was a gain, and negative if there was a loss
9°C
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