Form 1 Mathematics
A Kenyan company received US Dollars 100 000. The money was converted into Kenya shillings in a bank which buys and sells foreign currencies as follows:
(in Kenya shillings) (in Kenya shillings)
1 US Dollar 77.24 77.44
1 Sterling Pound 121.93 122.27
(a) calculate the amount of money, in Kenya shillings, the company received.
(b) The company exchanged the Kenya shillings calculated in (a) above, into sterling pounds to buy a car from Britain. Calculate the cost of the car to the nearest sterling pound.
Related Questions and Answers on Commercial Arithmetic I
P.O Box 1189 - 40200 Kisii
Tel: 0728 450 424
Tel: 0738 619 279
Tel: 0763 450 425
E-mail - firstname.lastname@example.org