Sandy has $829.04 to convert into euros. How many more euros would Sandy have if she made her trade on the day with the most favorable exchange rate than if she made her trade on the day with the least favorable exchange rate? Round all currencies to two decimal places.a. 33.49 b. 55.96 c. 67.04 d. 107.99

Respuesta :

Answer:

16.58€ considering the most favorable exchange rate to be 1$=0.91€ and the least favorable exchange rate to be 1$=0.91€. The answer cannot be any of the given options as usually there doesn't this much fluctuation occur on a specific day in exchange rate.

Explanation:

By converting the given amount of dollars (US) into Euros in both, most and least, exchange rate on a given day, we can find the saving in Euro for Sandy.

Step-by-step explanation:

Let on a specific day, the most favorable exchange rate was 1$=0.91€ and the least favorable exchange rate was 1$=0.91€. So,

Sandy exchanged the money on the most favorable time and got following amount in Euros:

829.04 * 0.91

=754.43

If Sandy would exchanged the money on the least favorable time on same day then she would have got following amount in Euros:

829.04 * 0.89

=737.85

Hence,

Sandy have 16.58 more euros. As,

754.43-737.85

=16.58€

Answer:

✅ B. €55.96

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