mitchell travels from the us to canada, where he exchanges 150 us dollars for canadian dollars. he then…

mitchell travels from the us to canada, where he exchanges 150 us dollars for canadian dollars. he then spends 20 canadian dollars, returns to the us, and exchanges the remaining money back to us dollars. how many us dollars does mitchell have remaining? 129.46 130.00 130.59 134.62

mitchell travels from the us to canada, where he exchanges 150 us dollars for canadian dollars. he then spends 20 canadian dollars, returns to the us, and exchanges the remaining money back to us dollars. how many us dollars does mitchell have remaining? 129.46 130.00 130.59 134.62

Answer

Explanation:

Step1: Calculate Canadian - dollars received

Mitchell exchanges 150 US - dollars. Since 1 USD = 1.03017 Canadian dollars, the amount of Canadian dollars he gets is $150\times1.03017 = 154.5255$ Canadian dollars.

Step2: Calculate remaining Canadian - dollars

He spends 20 Canadian dollars. So the remaining Canadian dollars is $154.5255−20 = 134.5255$ Canadian dollars.

Step3: Calculate remaining US - dollars

To convert the remaining Canadian dollars back to US dollars, since 1 Canadian dollar = 0.97071 USD, the amount of US dollars he has is $134.5255\times0.97071\approx130.59$ US dollars.

Answer:

130.59