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Before boarding her flight to Zurich, Switzerland, Prisha purchased CHF850 from her bank when the exchange rate was C$1 = CHF0.9797. However, Prisha had to
Before boarding her flight to Zurich, Switzerland, Prisha purchased CHF850 from her bank when the exchange rate was C$1 = CHF0.9797. However, Prisha had to cancel the trip. Prisha returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHF0.9838, how many Canadian dollars would Prisha have lost in these transactions? Assume the bank has a 1.35% commission on both the sale and the purchase of the funds.
C
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