Mathematics, 19.02.2021 14:00 kdog1738
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: 2
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