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General Mathematics · Unit 1 · Consumer arithmetic · Applications of rates, percentages and use of spreadsheets

Use currency exchange rates to convert between the Australian dollar and foreign currencies.

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Question 1

An Australian tourist converts 2400 AUD into Japanese yen (JPY) at an exchange rate of 1 AUD = 92 JPY. What amount in yen does the tourist receive?

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Question 2

An Australian tourist travels to Thailand and exchanges $3,500 AUD for Thai baht (THB). The exchange rate is $1 AUD = 21.40 THB. (a) Calculate the amount of Thai baht the tourist receives. (1 mark) (b) After spending 45,000 THB, the tourist exchanges the remaining baht back to AUD at the same exchange rate. Calculate the amount in AUD the tourist receives. Round your answer to the nearest cent. (2 marks)

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Question 3

Maya plans a holiday visiting three countries. She exchanges AUD into three foreign currencies before leaving Australia. The table shows the exchange rates at the time of her initial exchange. When Maya returns home, she has 480 euros (EUR), 28,500 Japanese yen (JPY), and 620 Singapore dollars (SGD) left over. Calculate the total amount Maya has remaining in Australian dollars when she returns home.

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Use a spreadsheet to display examples of the above computations when multiple or repeated computations are required, e.g. preparing a wage sheet displaying the weekly earnings of workers in an organisation, preparing a budget, investigating the potential cost of owning and operating a car over a year.
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