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3.1.1 Use the exchange rate table above to calculate the amount in US dollars that Laila had saved for her holiday - NSC Tourism - Question 3 - 2021
Question 3
3.1.1 Use the exchange rate table above to calculate the amount in US dollars that Laila had saved for her holiday. Round off your answer to TWO decimal places. 3.1... show full transcript
Worked Solution & Example Answer:3.1.1 Use the exchange rate table above to calculate the amount in US dollars that Laila had saved for her holiday - NSC Tourism - Question 3 - 2021
Step 1
3.1.1 Use the exchange rate table above to calculate the amount in US dollars that Laila had saved for her holiday. Round off your answer to TWO decimal places.
Answer
To find the amount in US dollars that Laila had saved, we take the total amount of ZAR 20,000 and convert it using the exchange rate provided.
Given the exchange rate of 16.87, the calculation is as follows:
ext{Amount in USD} = rac{ZAR 20000}{16.87} \\ = USD 1185.54Thus, Laila had saved $1185.54 for her holiday.
Step 2
3.1.2 Calculate the amount in rand she had left after she purchased Jacket A. Round off your answer to TWO decimal places.
Answer
After purchasing Jacket A for USD 100, we first need to convert the price back into rand using the exchange rate:
Now, we can calculate the amount Laila has left after the purchase:
Now, converting $203.50 back into rand:
Therefore, after purchasing Jacket A, Laila has ZAR 3429.90 left.