Answered

IDNLearn.com: Your one-stop platform for getting reliable answers to any question. Ask anything and get well-informed, reliable answers from our knowledgeable community members.

Nate has £88.65 to convert into shekalim. the currency exchange he is using charges an 8% fee after the currency conversion has occured. about how many more shekalim will nate receive if he makes his trade on the day with the most favorable exchange rate than if he makes his trade on the day with the least favorable exchange rate? a. ins 41.69 b. ins 38.35 c. ins 31.68 d. ins 6.67

Sagot :

MrRoyalidn

If he makes his trade on the day with the least favorable exchange rate, the amount received is ins 38.35

How to determine the amount received?

From the complete question, we have the following parameters:

£1= 0.47 --- least favorable rate

Given that the uses a charge of 8%, the amount received when he converts  £88.65 is calculated using:

Amount = Rate * Amount * (1 - 8%)

So, we have:

Amount = 0.47 * 88.65 * (1 - 8%)

Evaluate the product

Amount = 38.33

The closest amount to 38.33 is 38.35.

Hence, the amount received is ins 38.35

Read more about metric units at:

https://brainly.com/question/2004114

#SPJ4

We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. IDNLearn.com is committed to providing the best answers. Thank you for visiting, and see you next time for more solutions.