Brian wants to exchange South African rand for British pound.if R1 is worth 0,075199 pound ,how many pounds will he get for R2100 if he must pay an agent commission of 1,5%

Answer 1

To calculate how many pounds Brian will get for R2100, we need to first calculate the amount of commission he will have to pay to the agent.

Commission = 1.5% of R2100 = 0.015 x 2100 = R31.50

So, Brian will have to pay R31.50 as commission to the agent.

Now, to calculate how many pounds he will get, we can use the exchange rate given:

1 rand = 0.075199 pound

Therefore,

R2100 = 2100/1 = 2100 rand

Amount in pounds = 2100 x 0.075199 = 157.9184 pounds

However, Brian will have to pay the commission of R31.50, which is equivalent to:

31.50 x 0.075199 = 2.3728 pounds

So, the final amount of pounds that Brian will get after paying the commission is:

157.9184 - 2.3728 = 155.5456 pounds

Therefore, Brian will get 155.5456 pounds for R2100 after paying the agent commission of 1.5%.