Question

A Kenyan bank buys and sells foreign currencies
Buying (Ksh) Selling(Ksh)

1 Sterling pound 130.10 130.54
1 South African Rand 9.52 9.8
A businessman on a trip to Kenya had pound 50,000 which he coneveted to Kenya shillings. While in Kenya, he spent 80% of the money and changed the balance to South African Rand.
Calculate, to the nearest Rand, the amount he obtained,

Answer 1

1st ... sterling pound to Ksh ... Ksh1 = 50000 * 130.10

2nd ... 20% of Ksh to rand ... rand = Ksh1 * .20 / 9.8