NEED HELP FOR THIS QUESTION
I want to buy some Botswana pulas and the exchange rate is 8.25 BWP = £1 if I buy them abroad using a credit card or 8.5 BWP = £1 for a cash transaction at a Bureau de Change. The credit card company will charge me 2.3% commission on a credit card transaction whereas a Bureau de Change charges 2% commission plus a fee of £3.

Write down an expression for the cost (including commission) of buying a particular number of Botswana pulas

(a) by credit card and

(b) from a Bureau de Change.

c. Evaluate each of these expressions for 700 BWP, 800 BWP, and 1000 BWP respectively.

d. Hazard a guess as to the number of pulas you would have to buy for the cost to be the same whether you use a credit card or cash.

Answers

Answer 1

Answer:

(a) A = 0.00278787878787878x

(b) B = 0.00235294117647058x + 3

(c) The answers are as follows:

For buying by credit card

For 700 BWP: Cost = A = £1.95

For 800 BWP: Cost = A = £2.23

For 800 BWP: Cost = A = £2.79

For buying from a Bureau de Change

The equation (4) is used as follows:

For 700 BWP: Cost = B = £4.65

For 800 BWP: Cost = B = $4.88

For 1000 BWP: Cost = B = £5.35

(d) You would have to buy 6,897.54 pulas for the cost to be the same whether you use a credit card or cash.

Step-by-step explanation:

(a) by credit card

For the exchange rate, we have:

8.25 BWP = £1 ⇒ 8.25 / 8.25 BWP = £1 / 8.25 = 1.00 BWP = £0.121212121212121

The expression can therefore be written as follows:

A = £0.121212121212121 * r * x ................. (1)

Where;

A = cost (including commission) of buying a particular number of Botswana pulas by credit card

r = commission on a credit card transaction = 2.3%, or 0.023

x = the number of pulas bought

Substituting for r into equation (1), we have:

A = £0.121212121212121 * 0.023 * x

A = 0.00278787878787878x ................. (2)

Equation (2) is the expression.

(b) from a Bureau de Change

For the exchange rate, we have

8.5 BWP = £1 ⇒ 8.5 / 8.5 BWP = £1 / 8.5 = 1.00 BWP = 0.117647058823529

B = (£0.117647058823529 * r * x) + F ................. (3)

Where;

B = cost (including commission) of buying a particular number of Botswana pulas by from a Bureau de Change.

r = commission charged by Bureau de Change. = 2%, or 0.02

x = the number of pulas bought

F = fee = £3

Substituting for r and F into equation (3), we have:

B = (£0.117647058823529 * 0.02 * x) + £3

B = 0.00235294117647058x + 3 ................. (4)

Equation (4) is the expression.

c. Evaluate each of these expressions for 700 BWP, 800 BWP, and 1000 BWP respectively.

For buying by credit card

The equation (2) is used as follows:

For 700 BWP: A = £0.00278787878787878 * 700 = £1.95

For 800 BWP: A = £0.00278787878787878 * 800 = £2.23

For 800 BWP: A = £0.00278787878787878 * 1000 = £2.79

For buying from a Bureau de Change

The equation (4) is used as follows:

For 700 BWP: B = (£0.00235294117647058 * 700) + £3 = £1.65 + £3 = £4.65

For 800 BWP: B = (£0.00235294117647058 * 800) + £3 = £1.88 + £3 = $4.88

For 1000 BWP: B = (£0.00235294117647058 * 1000) + £3 = £2.35 + £3 = £5.35

d. Hazard a guess as to the number of pulas you would have to buy for the cost to be the same whether you use a credit card or cash.

This can be calculated by equating equations (2) and (4) and then solve for x as follows:

0.00278787878787878x = 0.00235294117647058x + 3

0.00278787878787878x - 0.00235294117647058x = 3

x(0.00278787878787878 - 0.00235294117647058) = 3

x0.0004349376114082 = 3

x = 3 / 0.0004349376114082

x = 6,897.54 pulas

Therefore, you would have to buy 6,897.54 pulas for the cost to be the same whether you use a credit card or cash.


Related Questions

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Answers

Answer:

y = 0.1(x + 5)² + 1.5

Step-by-step explanation:

Equation of a parabola having vertex at (h, k) is given by,

y = a(x - h)² + k

From the given graph, vertex of the parabola is (-5, 1.5)

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Answers

Answer:

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P.S. Dont fall for those link scams! ;)

Hope this helped! If it did, please give me brainliest! It would help a lot! Thanks! :D

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ASAP ill give brainliest

Answers

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A software engineer creates a LAN game where an 8 digit code made up of 1,2,3,4,5,6,7,8 has to be decided on, universal code . There is a condition that each number has to be used a and no number can be repeated . What is the probability that first 4 digits of the code are even numbers ?

Answers

Answer:

0.0143 = 1.43% probability that first 4 digits of the code are even numbers.

Step-by-step explanation:

Arrangements of n elements:

The number of possible arrangements of n elements is given by:

[tex]A_{n} = n![/tex]

Probability:

A probability is the number of desired outcomes divided by the number of total outcomes.

In this question:

Desired outcomes:

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[tex]D = 4!*4! = 24*24 = 576[/tex]

Total outcomes:

Arrangements of 8 digits. So

[tex]T = A_{8} = 8! = 40320[/tex]

Probability:

[tex]p = \frac{D}{T} = \frac{576}{40320} = 0.0143[/tex]

0.0143 = 1.43% probability that first 4 digits of the code are even numbers.

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Answers

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Answer:

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Step-by-step explanation:

Based on your description, it appears that angles 3 and 4 form a linear pair. This means angle 4 is the supplement to angle 3:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Answer:

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Answer:

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Step-by-step explanation:

Given

New

[tex]H_2 = 22.4[/tex]

Old

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Answers

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Step-by-step explanation:

The computation of the area of the circle is shown below:

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the actual weights of bags of pet food are normally distributed about the mean of 50.0 lb with a standard deviation of 0.2 lb.


1. About what percentage of bags of pet food weigh between 49.8 lb and 50.2 lb?

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Answers

9514 1404 393

Answer:

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Step-by-step explanation:

1. The empirical rule tells you 68% of the distribution is within 1 standard deviation of the mean. The mean is 50 and the standard deviation is 0.2, so this means 68% of the bags weigh between 49.8 and 50.2 lb.

__

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__

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_____

Additional comment

It is useful to remember the empirical rule numbers, 68%, 95%, 99.7% for the portion of the distribution between ±1, 2, 3 standard deviations of the mean. They are useful for answering questions like this one. (They are only approximations, so if more accuracy is needed, a table or app should be used to find the accurate value.)

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Answers

Answer:

[tex]-x-(-y) = y-x[/tex]

Step-by-step explanation:

lets say you have two negative numbers, -x and -y (x and y are positive).

[tex]-x-(-y) = y-x[/tex]

Your answer is a positive number.

Helppppppppppppppppp

Answers

Answer:the second one

Step-by-step explanation:

anwser c

step-by-step explenation                                          



An airplane is observed to be approaching the air point. It is at a distance of 12 km from the point of observation and makes an

angle of elevation of 50 degree. Find the height above the ground.

Answers

Answer:

The height is 14.3 km

Step-by-step explanation:

Given

[tex]distance= 12km[/tex]

[tex]\theta= 50[/tex] --- angle of elevation

Required

Determine the height above the ground

The question is illustrated using the attached image.

To calculate the required height, we make use of:

[tex]tan(\theta) = \frac{AB}{BC}[/tex]

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[tex]tan(50) = \frac{AB}{12}[/tex]

Make AB the subject

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[tex]AB = 14.3016[/tex]

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Trigonometric ratio

Trigonometric ratio is used to show the relationship between the sides and angles of a right angled triangle.

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The height of the airplane above the ground is 9.19 km.

Find out more on Trigonometric ratio at: https://brainly.com/question/1201366

need help understanding this question​

Answers

Answer:

-9<x≤2

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The domain is the x values

If we look at the line, we see a closed circle when x=2, so x is less than or equal to 2

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-9<x≤2

Lemme know if u need more explanation!

Liam is setting up folding chairs for a meeting. If he arranges the ch
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Answer:

Step-by-step explanation:

This is the answer

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