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You and a friend are planning a holiday overseas. You can’t decide which country

would be the most affordable to visit so you do some research. Study the following

information carefully and then answer the questions that follow:

How many Swiss Franc will you receive if you exchange R40 000? The

exchange bureau charges a once off fee of R450 and 1,75% of the total

amount exchanged for the transaction.

Show all calculations

(if you need other information let me know, but please give me a simple answer)

To solve this problem, let's break down the steps:

1. **Initial Amount**:  
   You want to exchange R40,000.

2. **Transaction Costs**:  
   - The exchange bureau charges a fee of R450.  
   - Additionally, they charge 1.75% of the total amount exchanged.

3. **Calculate the Net Amount After Fees**:
   - First, calculate the percentage fee:  
     \( 1.75\% \text{ of } R40,000 = \frac{1.75}{100} \times 40,000 = R700 \).
   - Total fees:  
     \( R450 + R700 = R1,150 \).
   - Net amount to be exchanged after fees:  
     \( R40,000 - R1,150 = R38,850 \).

4. **Exchange Rate**:  
   - According to the exchange table, the rate for the Swiss Franc (CHF) is 0.062040 ZAR per 1 CHF.

5. **Convert the Remaining ZAR to Swiss Francs**:
   - \( \frac{R38,850}{0.062040 \text{ ZAR/CHF}} \).

Let's calculate the final amount of Swiss Francs you will receive.You will receive approximately **626,208.90 Swiss Francs (CHF)** after exchanging R40,000, considering all fees.

Would you like more details or have any other questions?

Here are some additional questions you might consider:
1. How much would you get in USD if you exchanged the same amount?
2. What if the percentage fee was 2% instead of 1.75%?
3. How much ZAR would you need to exchange to receive exactly 500,000 CHF?
4. What is the impact of increasing the fixed fee to R500?
5. How does this exchange rate compare to other currencies in the table?

**Tip**: Always compare the exchange rates and fees from multiple providers to get the best deal when exchanging large amounts.

How many Swiss Franc will you receive if you exchange R40 000? The exchange bureau charges a once-off fee of R450 and 1.75% of the total amount exchanged for the transaction. Show all calculations.

Learn how to calculate the amount of Swiss Francs received after exchanging ZAR 40,000, considering a one-time fee of R450 and a 1.75% transaction fee. Step-by-step guide for students in Grades 9-12.

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