Today,you can exchange $1 for £.6229.Last week,£1 was worth $1.61.Assume you converted £100 into dollars last week and then converted your dollars back to pounds this week.What is your net profit or loss in pounds?

Name: Today,you can exchange $1 for £.6229.Last week,£1 was worth $1.61.Assume you converted £100 into dollars last week and then converted your dollars back to pounds this week.What is your net profit or loss in pounds?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

[£100 × ($1.61/£1)× (£.6229/$1)] - £100 = £.2869

Today,you Can Exchange $1 for £