Question

At a bank, you can convert pounds into Swiss francs at a rate of

£1 = 1.32 Swiss francs.
The bank charges £3 per transaction, which is deducted from the amount
to be exchanged.
If you exchanged £140 at this bank, how many Swiss francs would you
receive?

Answer 1

Answer:Let's denote the amount of Swiss francs as x. The conversion rate is £1 = 1.32 Swiss francs, so x = 1.32 pounds.

The bank charges £3 per transaction, so the amount of pounds after deducting the charge is 140 - 3 = 137 pounds.

The amount of Swiss francs is 1.32 * 137 = 180.44 francs.

So you would receive 180.44 Swiss francs if you exchanged £140 at this bank.

Explanation:

Answer 2

You would receive 106.0606 Swiss francs.

The conversion rate is 1.32 Swiss francs to 1 pound, so you would need to

exchange a total of 140 pounds in order to receive 106.0606

Swiss francs. But then, you would have to pay the £3 transaction

fee...which would leave you with only 103.0606 Swiss francs.