Form 1 Mathematics
A Forex Bureau in Kenya buys and sells foreign currencies as shown below:
Currency (Ksh) (Ksh)
Chinese Yuan 12.34 12.38
South African Rand 11.28 11.37
A businesswoman from China converted 195 250 Chinese Yuan into Kenya shillings.
(a) Calculate the amount of money, in Kenya shillings, that she received.
(b) While in Kenya, the businesswoman spent Ksh 1 258 000 and then converted the balance into South African Rand. Calculate the amount of money, to the nearest Rand, that she received.
Related Questions and Answers on Commercial Arithmetic I
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