4024/22 May/Jun 2025, Question 7: Currency Conversions
Cambridge O Level Mathematics 4024 · Paper 22 (Calculator) · Calculator · 3 marks
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The question, in short
Chris exchanges $350 at $1 = €0.92, but the bank gives euros only in multiples of €5. Find how many euros he gets and his change from $350.
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Solution · 3 marks
- 1350 × 0.92 = €322
- 2Largest multiple of €5: €320
- 3Cost of €320 = 320 ÷ 0.92 = $347.83
- 4Change = 350 − 347.83 = $2.17
- 5€320 and $2.17 change
Answer€320, $2.17
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