Asked by Kd
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,
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,
Answers
Answered by
scott
1st ... sterling pound to Ksh ... Ksh1 = 50000 * 130.10
2nd ... 20% of Ksh to rand ... rand = Ksh1 * .20 / 9.8
2nd ... 20% of Ksh to rand ... rand = Ksh1 * .20 / 9.8
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