Question

(10 points) An engineer leaves Cordoba, Spain to visit projects in Jaipur, India, Pak Kret, Thailand; Adelaide, Australia; and San Diego, United States. The exchange rates are: 1 euro = 63 Indian rupees 1 Thai baht 1.5 Indian rupees 1 Thai baht 0.03 Australian dollars 1 Australian dollar = 1.07 US dollars The engineer starts with 490 euros and converts the money at each city. How many US dollars will the engineer have at the end of the trip If none of the origial amount is spent?

Answer 1

Euro will be converted to Indian Rupees

Amount = 490*63 = INR 30,870

Indian Rupee will then be converted into Thai Bhat

= 30,870/1.5

= 20,580

Thai Bhat will be converted into Australian Dollars

= 20,580*0.03

= A$617.4

Converted into US Dollars = 617.4*1.07

= US$660.618

Hence, US Dollars at the end of the trip = 660.618