Suppose you are exchanging currency in the London airport. The currency exchange service there only makes transactions in which one of the two currencies is British pounds, but you want to exchange dollars for Euros. Thus you first need to exchange dollars for British pounds, then exchange British pounds for Euros. At the time you want to make the exchange, the function
f for exchanging dollars for British pounds is given by the formula
and the function
g for exchanging British pounds for Euros is given by the formula
The subtraction of
3
or
4
in the number of British pounds or Euros that you receive is the fee charged by the currency exchange service for each transaction.
How many Euros would you receive for exchanging $100 after going through this two-step exchange process? (Round your answer to two decimal places.)
Euros