A bank in Toronto charges 2.75% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3041. a. How many Canadian dollars will you have to pay to purchase US$1,470?   Round to the nearest cent b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction?   Round to the nearest cent

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Chapter5: Decimals
Section5.6: Ratios And Rate
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A bank in Toronto charges 2.75% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3041.
a. How many Canadian dollars will you have to pay to purchase US$1,470?
 
Round to the nearest cent
b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction?
 
Round to the nearest cent
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