Question 1
Rowan lives in New Zealand.
He is coming to Wales on holiday. The currency used in New Zealand is the New Zealand dollar ($). 1 New Zealand dollar = 100 cents.
The conversion rate at the exchange shop is $1 = £0.53. The exchange shop only has £10 and £20 notes.
Rowan only has $550 saved. He wants to exchange as close to $550 as possible. He asks for as few notes as possible.
Calculate: • how many of each British note Rowan gets, • how much he pays for his currency, correct to the nearest cent.
You must show all your working.
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