Discussion of Forex Trading and Currency Trading

Currency math help!?

Two college students went on spring break to Guadalajara, Mexico. One took the vacation in 2002, while the other went in 2006. Each student had $500 to spend.
In 2002, the exchange rate of MXN/USD (Mexican pesos to U.S. dollars) was 9.
In 2006, the exchange rate was 11. A hotel room in Guadalajara cost 200 pesos per night in
2002, and 220 pesos in 2006.
If each spent five nights in a hotel, which student had more pesos left over? Exactly how many did that student have?

Most Commented Posts

This entry was posted on Wednesday, July 2nd, 2008 at 8:00 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

« does anyone know about an Arabic Forex Portal other than www.forexpros.ae ?
Is it possible to have two real FOREX account and take profit only from profit account? »
 

 

2 Responses to “Currency math help!?”

  1. munkeedluv Says:
    July 2nd, 2008 at 8:00 am

    The student in 2002 originally had 4,500 pesos. (500 x 9)
    The student in 2006 originally had 5,500 pesos. (500 x 11)

    The hotel cost 1,000 pesos in 2002 (200 x 5).
    The hotel cost 1,100 pesos in 2006 (220 x 5).

    The 2002 student had 3,500 pesos left (4,500 - 1,000)
    The 2006 student had 4,400 pesos left (5,500 - 1,100)

  2. bskelkar Says:
    July 2nd, 2008 at 8:00 am

    In 2002.
    $500 = MXN 9(500)= 4,500. [ i suppose $1 = MXN 9, MXN/USD =9 means MXN 1 = 9 USD}
    For room 200(5) = 1000 spent. means 3500 remain.

    In 2006
    $500 = MXN11(500) =5,500.
    For room 220(5) = 1100spent so 4400 remain.
    Now I am sure you can answer the question yourself.

Leave a Reply