Question: One day while cleaning out a drawer you discover some small change left over from a trip to Europe and West Africa, where you visited

One day while cleaning out a drawer you discover some small change left over from a trip to Europe and West Africa, where you visited the UK, France, Mali, and Nigeria. You find that you have the following amounts left over:

British pounds (GBP) 4.25

Euros (EUR) 2.15

CFA Francs (XOF) 750.00

Naira (NGN) 1,500.00

What is the US dollar value of this small change (to the nearest cent) given the following exchange rates:

USD 1.39 = GBP 1.00

USD 1.20 = EUR 1.00

USD 1.00 = XOF 553

USD 1.00 = NGN 412

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!