Q:

The exchange rate between non-fixed currencies continuously fluctuates. The following table shows the exchange rate of pounds sterling to Israeli new shekel (plural shekalim) over a period of six days. Days / £:INS Monday: 1:6.0333 Tuesday: 1:5.8594 Wednesday: 1:5.7012 Thursday: 1:5.9462 Friday: 1:6.1715 Saturday: 1:6.0896 nate had 88.65 to convert into shekalim. the currency exchange he is using charges an 8% surcharge when converting currency. about how many more shekalim will nate recieve if he makes his trade on the day with the most favorable exchange rate than if he makes his trade on yhe day with the least favorable exchange rate? Possible Answers A. INS 41.69 B. INS 38.35 C. INS 31.68 D. INS 6.67

Accepted Solution

A:
The answer to this question is B: INS 38.35