Morgan found US$80 in his attic and sold it to a bank that charged him a commission of 0.55%. How much did he receive from the bank? Assume that the exchange rate was C$1 = US$0.72.   Round to the nearest cent

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Morgan found US$80 in his attic and sold it to a bank that charged him a commission of 0.55%. How much did he receive from the bank? Assume that the exchange rate was C$1 = US$0.72.
 
Round to the nearest cent
 
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