An international guest tenders $171 in U.S. funds and #2,000 from his native land to settle an outstanding account of $206.20. #s are being purchased by the hotel for 51.50 per U.S. dollar. What must the cashier do now to settle the account?
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The international guest pays $171 in U.S. currency and #2000 in the currency of the nation from where he has arrived. The total amount outstanding in the guest's account is $206.20.
As the exchange rate of the guest's home currency is #51.5 per USD, #2000 is equivalent to 2000/51.5 = $38.83. The total amount paid by the guest is equal to 171 + 38.83 = $209.83 This is greater than what the guest is required to make a payment of.
The cashier should return $209.83 - $206.2 = $3.63 to the guest to settle the account.