Question

The tables show how the dollar to euro conversion rate changed during one day.

Khalil changed $500 into euros (£).
How many more euros did Khalil receive if he changed his money at the highest rate compared to the lowest rate?

Answer 1

£10.1

Explanation:

Highest exchange rate=1.3401

Lowest exchange rate=1.3199

The money Khan would have received more if he exchanged currencies at the highest rate compared to the lowest rate=500*(1.3401-1.3199)=£10.1