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An American tourist visits South Africa with $3000. The exchange rate when she arrives is
$1 = 12.90. She changes all her dollars into rands and then spends R900 per day for seven
days. She changes the rands she has left back into dollars at a rate of $1 = R12.93. How much
does she get in dollars? show your working.​

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sqdancefan

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Answer:

  $2505.80

Step-by-step explanation:

After the first exchange, the tourist has ...

  $3000(12.90 R/$) = R38,700

After 7 days, she has ...

  R38,700 -7(R900) = R32,400

After the second exchange, she has ...

  R32,400 × ($1/R12.93) = $2505.80

She gets $2505.80 at the second exchange.

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