Question

Helena is going for a holiday to France. She changes 900 Singapore Dollars (SGD) into Euros (EUR) with no commission charged. The exchange rate between EUR and SGD is:

1 EUR = 1.49 SGD



(a) Calculate the value of 900 SGD in EUR to the nearest whole number.



At the end of Helena’s holiday in France she has 155 EUR. She converts this back to SGD at a bank, which does not charge commission, and receives 227.85 SGD.

(b) Find the exchange rate of this second transaction.

Answer 1

Answer:

a) 900 SGD = 604.03 EUR

b) 1 EUR = 1.47 SGD

Step-by-step explanation:

It is given that:

1 EUR = 1.49 SGD

a) Value of 900 SGD.

1 SGD = $\frac{1}{1.49}$

900 SGD = $\frac{1}{1.49}*900$ = 604.03 EUR

b) 155 EUR = 227.85 SGD

1 EUR = $\frac{227.85}{155}$

1 EUR = 1.47 SGD

Thus,

a) 900 SGD = 604.03 EUR

b) 1 EUR = 1.47 SGD