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Exchange rates

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Question 15

A tourist from the UK travels to Australia and exchanges £800 into Australian Dollars (AUD) at an exchange rate of 1.85 AUD to 1 pound. During their trip, they spend 580 AUD. Upon returning to the UK, they exchange their remaining AUD back into pounds at a new exchange rate of 1.60 AUD to 1 pound. How many pounds are they left with?

£437.50

£486.49

£562.50

£1440.00

Exchange rates Questions

  1. A Level
  2. /Economics
  3. /Exchange rates