CAIE IGCSE Mathematics Core C1.16.2 Convert from one currency to another.

Practise converting between currencies using stated exchange rates, comparing prices and rounding money answers appropriately.

Exam points

convert currencies from a stated exchange rate, choosing multiplication or division
compare two prices after converting one amount into the required currency
use chained exchange rates and round the final money value as requested

[Maximum number: 3]

Elize, Lily and Marco start a business.

Elize buys some picture frames.

The frames cost $5.80 each in New York and 4.50 euros each in Paris.
The exchange rate is 1 euro = $1.37.
Calculate the difference in the cost in euros.
Give your answer correct to 2 decimal places.
$\mathrm{euros}$

0.27
B2 for 0.266...
or M2 for $4.50-\frac{5.80}{1.37}$ oe or $\frac{5.80}{1.37}-4.50$ oe, or M1 for $\frac{5.80}{1.37}$ soi by 4.23
If 0 or 1 scored, SC1 for correct rounding to 2 d.p. from their more accurate answer

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C1.16.2 Convert from one currency to another. question 1