(d) Jeremy is in Japan and decides to buy a jacket for *50 000 using a credit card.The cashier offers him 2 options to pay for the jacket;o Option A: pay in Singapore dollars ($) $468.16 oro Option B: pay in Japanese yen (s) *50 000.When paying in Japanese yen, the credit card company will convert the amount toSingapore dollars and there is a currency conversion fee of 1.5%.The exchange rate between Singapore dollars and Japanese yen is$1 = +108.Which option should Jeremy choose? Show your working clearly.
Question
(d) Jeremy is in Japan and decides to buy a jacket for *50 000 using a credit card.The cashier offers him 2 options to pay for the jacket;o Option A: pay in Singapore dollars (468.16 oro Option B: pay in Japanese yen (s) *50 000.When paying in Japanese yen, the credit card company will convert the amount toSingapore dollars and there is a currency conversion fee of 1.5%.The exchange rate between Singapore dollars and Japanese yen is$1 = +108.Which option should Jeremy choose? Show your working clearly.
Solution
Para determinar cuál opción es mejor para Jeremy, debemos calcular el costo total en dólares de Singapur (SGD) para ambas opciones y compararlas.
Opción A: Pagar en dólares de Singapur (SGD)
- El costo es directamente $468.16 SGD.
Opción B: Pagar en yenes japoneses (JPY)
- Primero, convertimos los 50,000 JPY a SGD usando la tasa de cambio.
- Luego, aplicamos la tarifa de conversión de 1.5%.
- Sumamos la tarifa de conversión al monto convertido.
Comparación de opciones:
- Opción A: $468.16 SGD
- Opción B: $469.9044 SGD
Jeremy debería elegir la Opción A ya que 469.9044 SGD.
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