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A bank in London, Ontario charges 2.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3413. a. How
A bank in London, Ontario charges 2.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3413.
a. How many Canadian dollars will you receive from the bank if you sell US$1,365? Round to the nearest cent
b. How much commission will you pay the bank for this transaction? Round to the nearest cent
Please Answer Asap Thanks!
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