3. (8 point) A scholar from Virginia attended a conference in London, UK. Prior to departure, he or she exchanged $800 to British pound () at a local bank. Table 1 presents the quotes given by the bank at the time: Code Bank Buys Bank Sells 1.117584 1.197167 Currency Swiss Franc European Euro British Pound Chinese Yuan Australian Do Canadian Dollar CHE EUR GBP CNY AUG 1 08.2005 1.165209 1 297027 0.164111 0700120 6.743690 0.145500 0.732627 0.76010 CAD TABLE 1 (a) How many pounds did they obtain prior to the conference? (b) During a 10 day stay in London, however, the scholar did not spend that entire amount of pounds, and returned to Virginia with 100. Upon return, they exchanged the remaining pounds back into dollars at the same bank, when quotes were: Code Currency British Pound Bank Blue 1280000 Bank Selle 1300000 TABLE 2 How many dollars did they get back upon return