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urjit

· started a discussion

· 1 Months ago

wrong (Question: 101371.2 )

it should be 1631.15

Question:

DIRECTIONS: Answer the questions on the basis of the information given below:


The table below gives the currency rates of different currency in the countries listed. The value in each cell given the amount of local currency (country) you will receive in exchange of 1 unit of the currency in the column.



USD - US Dollar                                                                                

CAD - Canadian Dollar                   

ITL -  Italian Lira                                                                                                

CHF - Swiss Frane                            

AUD - Australian Dollar

FRF - French Franc          

JPY - Japanese Yen

AED – Dirham

GBP - British Pound

DEM - Deutsche Mark

SGD - Singapore Dollar
A traveller from the US buys Canadian dollars by converting 1000 US dollars. He converts all of them into Australian Dollars in Australia. How many Australian dollars does he have:
Options:
A) 897 AUD
B) 1453.80 AUD 
C) 1631.15 AUD 
D) 1114.60 AUD 
E) 1312.70 AUD
Solution:
1000 × 1.4633 × 0.8971 = 1312.70 AUD.

Knowledge Expert

· commented

· 1 Months ago

Given answer is correct....

Since, he converts all Canadian Dollars into Australian Dollars in Australia, therefore 0.8971 will be multiplied in Canadian Dollars.

Required answer = 1000 × 1.4633 × 0.8971 = 1312.70 AUD.
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