Kent just came back from New Zealand, where the New Zealand dollar(NZ$) was worth $0.78. Kent still

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Kent just came back from New Zealand, where the New Zealand dollar(NZ$) was worth $0.78. Kent still has NZ$900 from his trip and could exchange them for dollars at the airport, but the airport foreign exchange desk will only buy them for $.75 per New Zealand dollar. Next week, Kent will be going to Mexico and will need pesos. The airport foreign exchange desk will sell Kent pesos for $.09 per peso. Kent met a tourist at the airport who is from Mexico and is on his way to New Zealand. The tourist is willing to buy Kent's NZ$900 for 7,400 pesos. How many pesos will Kent get if Kent chooses to make the exchange using airport foreign exchange desk?

Posted Date: May 15, 2024 01:48 PM

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Kent just came back from New Zealand, where the New Zealand dollar(NZ$) was worth $0.78. Kent still

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To solve this problem we need to calculate the value of Kents NZ900 in pesos using the d... View the full answer

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