In this question, mathematical tables should not be used. A Kenyan bank buys and sells foreign currencies as shown below;

      

In this question, mathematical tables should not be used. A Kenyan bank buys and sells foreign currencies as shown below;
mathematics692017937.jpg
A Japanese travelling from France arrives in Kenya with 5 000 Euros. He converts all the 5000 Euros. He converts all the 5000 Euros to Kenya Shillings at the bank. While in Kenya he spends a total of sh 289 850 and then converts the remaining Kenya Shillings to Japanese yen at the bank. Calculate the amount in Japanese yen he receives.

  

Answers


John
Convert 5 000 Euros to Ksh.

The bank is buying

1 Euro = sh 84.15

500 euros = ?

he got

= 84.15 x 5000 = sh 420 750

Amount in Ksh. remaining is

420 750 - 289 850 = sh 130 900

Change into Yen

100 Yens = sh 65.45

sh 30 900

He received

$\frac{130 900 \times 100}{65.45}$

= 200 000 Japanese Yen
johnmulu answered the question on June 9, 2017 at 06:42


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