Question

Tess, who lives in the United States, is on a trip to Europe. She is going first to Germany, where the currency is the euro (€), and then to Switzerland, where the currency is the Swiss franc (CHF). As she travels from Germany to Switzerland, she finds that she has the equivalent of $527 remaining in euros, which she wishes to convert to Swiss francs. If, at the time of Tess’s exchanges, the exchange rate of the US dollar to the euro is 1:0.6957 and the exchange rate of the euro to the Swiss franc is 1:1.4755, how many Swiss francs does she have? Round all currencies to two decimal places.
a.
366.63 francs
b.
513.39 francs
c.
540.96 francs
d.
777.59 francs

Answer 1

ANSWER:

c. 540.96 francs

EXPLANATION:

$527 = 366.63 €= 540.96 francs