2026 MSHS P1 Q21

Johnny planned to visit Japan in early June, so he changed 1000 Singapore dollars (SGD) into Japanese yen (JPY) at the rate of \(\text{SGD}\hspace{0.5em}1=\text{JPY}\hspace{0.5em}123.7\).

However, his trip was cancelled, so he had to change his Japanese yen back to Singapore dollars.

The rate was \(\text{SGD}\hspace{0.5em}1=\text{JPY}\hspace{0.5em}125.5\) when he converted his yen back to dollars.

Calculate the amount of money lost or gained as a result of these exchanges.[3]