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Andy travels from New York to London. He can buy 1.00 USD for 0.80 GBP and can sell 1.00 USD for 0.75 GBP. Andy converts 2000 USD into GBP. a.) How many GBP does he receive? b.) He spends 1200 GBP whilst in London and then converts the remaining GBP back to USD. Find how many GBP he has remaining. c.) Calculate how many USD he receives.
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a) 1 USD = .75 GBP 2000 USD = 1500 GBP he receives 1500 GBP b) 1500 GBP - 1200 GBP = 300 GBP He has 300 GBP remaining c) .8 GBP = 1 USD 300 GBP = 375 USD He receives 375 USD
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Its not my homework its practice for exams he taught me HOW to do it. thanks you davine!
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