Answered

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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 :

MrRoyal

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

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