In July 1986, a Canadian tourist changed CAN $2500 of her Canadian Travellers' cheques for Trinidad and Tobago currency. She was given the following information;

Canadian $1.00 = Trinidad and Tobago $2.73

12 cents on the dollar is charged for

Tax on all foreign transactions

Calculate Trinidad and Tobago currency,

i) the value of CAN $2500

ii) the amount of money the Canadian tourist received from the bank after paying taxes

Question

Nola Singh

Mathematics

29 October, 21:41

In July 1986, a Canadian tourist changed CAN $2500 of her Canadian Travellers' cheques for Trinidad and Tobago currency. She was given the following information;

Canadian $1.00 = Trinidad and Tobago $2.73

12 cents on the dollar is charged for

Tax on all foreign transactions

Calculate Trinidad and Tobago currency,

i) the value of CAN $2500

ii) the amount of money the Canadian tourist received from the bank after paying taxes

+4

Answers (1)

Know the Answer?

Cordell Blackwell · Answer 1

The answer is $5,000.73.

Explanation: If one Canadian dollar bill is $1.00 and a Trinidad's $1.00 is $2.73 then that means if you wanna convert it you have to double the amount including the €73 and you have 2,500 you need to double the amount then add the remaining €73.