Question

Merl is a Canadian exchange student in China, and he currently has 12,000 yuan in his bank account. If the exchange rate changes from 1 Canadian dollar = 6.64 Chinese yuan to 1 Canadian dollar = 6.78 Chinese yuan, what happens to the value in Canadian dollars of the money in Merl's bank account? A. It increases by $1680.00. B. It increases by $37.32. OC. It decreases by $37.32. OD. It decreases by $1680.00.​

Answer 1

B

Explanation:

(12,000÷6.64)-(12,000÷6.78) = 37.3174112379

round it up and it becomes 37.32