You are going on holiday to Egypt. You have £200 spending money to take.

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Presentation transcript:

You are going on holiday to Egypt. You have £200 spending money to take.

The exchange rate is £1 = E£12.4 (Egyptian Pounds) How many Egyptian Pounds do you have? You only spend E£1000. How much do you have left in Egyptian Pounds? When you get back to England you change your Egyptian money back into British Pounds, how much money will you get back?

The exchange rate is £1 = E£12.40 (Egyptian Pounds) How many Egyptian Pounds do you have? You only spend E£1000. How much do you have left in Egyptian Pounds? When you get back to England you change your Egyptian money back into British Pounds, how much money will you get back? 200 x 12.4 = ÷ 12.4 = £ – 1000 = 1480