Emmett is going to Europe for a study exchange. The exchange rate between the Euro and Singapore dollar changes each day.
The graph shows the daily exchange rate in a particular month.

  1. (a)

    Emmett went to the money changer on the 6th to change $1200 to Euros. How much Euros will he get?

    Ans: ___ Euros

  2. (b)

    The accommodation per night at Europe is 120 Euros. Emmett wanted to convert the accommodation cost to dollars. Use the graph to work out the difference between the greatest and least possible accommodation costs per night in dollars.

    Answer

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Worked solution

25(a)

1. Read the exchange rate on the 6th and convert dollars to Euros

From the graph, on the 6th day,
1 Euro=$1.60.1\text{ Euro} = \$1.60.
So the number of Euros Emmett gets is
1200÷1.60=750.1200 \div 1.60 = 750.

Answer

750750 Euros

25(b)

1. Read the greatest and least exchange rates from the graph

From the graph,

Greatest exchange rate =1.610= 1.610 dollars per Euro

Least exchange rate =1.575= 1.575 dollars per Euro

2. Find the difference in exchange rate

Difference in exchange rate
=1.610−1.575=0.035= 1.610 - 1.575 = 0.035
So the difference is 0.0350.035 dollars per Euro.

3. Convert the exchange-rate difference to the difference in cost for 120 Euros

Difference in accommodation cost
=120×0.035=4.20= 120 \times 0.035 = 4.20

Answer

$4.20

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