How much will it cost in C$ to buy €2,000 in traveller's cheques if the exchange rate is C$1.00 = €0.7448, and the financial institution charges a fee of ½%?

Name: How much will it cost in C$ to buy €2,000 in traveller's cheques if the exchange rate is C$1.00 = €0.7448, and the financial institution charges a fee of ½%?
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Question

Quizplus · Accepted Answer

To find the cost in C$, divide €2,000 by the exchange rate (0.7448) to get C$2,685.28. Then, add a 0.5% fee: C$2,685.28 * 1.005 = C$2,698.71.

How Much Will It Cost in C$ to Buy €2,000