Question 5 • FowU - Financial Math - B
The most favorable rate is Friday’s 1:6.1715, and the least favorable is Wednesday’s 1:5.7012. Nate’s conversion before the fee would differ by £88.65 × (6.1715 − 5.7012) = about 41.69 shekalim. Since he keeps 92% after the 8% fee, the difference he receives is 41.69 × 0.92 ≈ 38.35 shekalim, matching choice B.
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