The Mathematics of Money

(Darren Dugan) #1

Copyright © 2008, The McGraw-Hill Companies, Inc.



  1. On a trip to Philadelphia, Karol bought a sweatshirt for $37.98, which he charged on his credit card. Convert this price
    into Polish zloty.


B. Converting from Foreign Currency to US$


  1. What is the value in U.S. dollars of each of the following:


a. 1 Jordanian dinar
b. 1 Israeli shekel
c. 1 Peruvian new sol
d. 1 Polish zloty
e. 1 Chinese yuan


  1. Convert 1,000 units of each of the following country’s currencies into U.S. dollars:


a. Brazil
b. Russia
c. India
d. China
e. Lebanon


  1. Convert each of the following amounts into U.S. dollars:


a. £35,000 (British pounds)
b. €189.25 (European euros)
c. ¥2,825 (Japanese yen)
d. 350 (Chinese yuan)
e. Rp75.50 (Indian rupees)


  1. Laura bought stock in an Israeli company. Her total investment was 8,500 shekels. How much did her investment
    amount to in U.S. dollars?


C. Converting between Two Foreign Currencies


  1. Use the cross rate table to make each conversion:


a. €414.92 (European euros) into Canadian dollars
b. ¥570,000 (Japanese yen) into British pounds
c. SFr250 (Swiss francs) into Mexican pesos


  1. At least one of the currencies in each of the following conversions is not listed in the cross rate table. Instead, use the
    U.S. dollar exchange rate table to make each conversion:


a. NZ$708.59 (New Zealand dollars) into Chinese yuan
b. 525 Mexican pesos into Pakistani rupees

Exercises 11.1 479
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