doc Money Conversions With Commission 1 by wuyunyi

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									                       Money Conversions With Commission 1

The exchange rate between the US dollar ($) and the British Pound (£) is

Exchange Rate                  $1.00 = £0.57

Moneygram exchange house will charge $5.00 on all transactions.
Eurodollar exchange house will charge 2% on all transactions.

How much money would I get if I converted the following amounts of money?



 Amount Exchanged           Moneygram               Eurodollar         Which company is
        ($)                                                               cheaper?




        $20




       $250




        $50




        $100

								
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