10
lesson pretestMultiple Choice

Pretest

Question 10 • Financial Math

Nevaeh is visiting the United States from Canada and wants to convert 300 CAD (Canadian dollars) to USD (US dollars). Her bank applies a 1.5% fee on all currency conversions. If the exchange rate is 1 CAD = 0.77 USD, how many US dollars will she receive?

Answer
A
300 point 0 0 USD
B
295 point 5 USD
C
227 point 5 4 USD
D
224 point 2 5 USD
Nevaeh is visiting the United States from Canada…