Question

The Muller family are on holiday in New Zealand. a. They change some euros (€) and receive $1962 (New Zealand dollars). The exchange rate is €1 = $1.635. Calculate the number of euros they change. [3] b. The family spend 15% of their New Zealand dollars on a tour. Calculate the number of dollars they have left. [4]

Answer 1

a. €1200;$1667.70

Explanation:

a. Number of euros

`\text{euros} = \$1962 * \frac{\text{1 euro}}{\text{\$1.635}} = \textbf{1200 euros}`

b. Dollars remaining

Dollars on hand = $1962.00

Less 15 % spent = 0.15 × 1962 = -294.30

Balance remaining = $1667.70