Figure 7.18 shows a liquid-level system in which two tanks have cross-sectional areas A1 and A2, respectively. The volume flow rate into tank 1 is qi. A pump is connected to the bottom….
what should be the exchange rate for the 2nd conversion to meet my profit target?
My name is Maurice. I have $3,000 in FXCM (Foreign Exchange Market). I am considering converting dollar to Euro now. The rate I apply now (first exchange rate conversion) is 0.9 Euro/$. In the evening, I bet the rate will be favorable to me. Let's assume there are no service fees about this process. If I strongly believe in my speculation, and I want to make at least $200 profit from this process, what should be the exchange rate for the 2nd conversion to meet my profit target? (Rounding: 1/100, e.g. .468 -> .47) Group of answer choices Less than or Equal to .87 Euro/$ Less than or Equal to .84 Euro/$ Less than or Equal to .95 Euro/$ Less than or Equal to .92 Euro/$