Given that JA $1 = GUY $0.98 and JA $1 = CAN $0.01

Convert

i) CAN $1 to JA $

ii) JA $690 to GUY $

The table gives the exchange rate for the following territories

        TT $0.03 = GUY $1

        TT $2.51 = EC $1

        TT $5.38 = CAN $1

        TT $9.34 = £1

Determine the value of TT $1 in the various territories.

CXC Gen 2008 Q 1 (b)

In the question use CAN $1.00 = JA $72.50

i) On a vacation in Canada, Steve used his credit card to buy a camera for CAN $250.00. What is the value of the camera in Jamaican Dollars?

ii) Steve’s credit card limit is JA $30,000. After buying the camera, how many Canadian dollars does he have left on his credit card for spending?

Basic CXC 5 (a)

An investor bought US $6650 using EC dollars when the exchange rate was EC $1 = US $0.35. For the service he paid the bank 1% of the amount of EC $ he spent.

i) How much EC dollars did the investor spend in order to obtain US $6650?

ii) A month later, he converted the US $6650 back to EC dollars. When the exchange was EC $1 = US $0.38. For the service he paid the bank a fixed amount of EC $200.

What profit of loss did the investor make in EC dollars?