Donate SIGN UP

how much ??

Avatar Image
choc lover | 18:48 Mon 06th Apr 2009 | Quizzes & Puzzles
1 Answers
I have �1444.27 changed into dollars

(�936.20) $1350 travellers chq's @ 1.442 exchange rate
(�508.07) $730 dollars @ 1.4368

�445 worth is my partners - how much does it work out he has with even amount dollars and travellers chqs??

Thanks in advance - I cant for life of me figure it out!
Gravatar

Answers

Only 1 answerrss feed

Best Answer

No best answer has yet been selected by choc lover. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
since you have 2 different exchange rates, the first thing to do is figure your weighted average exchange rate:

You got $2080 for your 1444.27, so each dollar cost on average 1.44017.

Now your partners 445 bought 445*1.44017 = $640.88,
and your 999.27 bought 999.27*1.44107 = $1439.12

this assumes that you're splitting the two batches of (different cost) dollars between yourselves, in proportion to your investment in pounds..

Only 1 answerrss feed

Do you know the answer?

how much ??

Answer Question >>