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Kenyan business man owes U.S dollars 100 000 to a company in the united states of America The Kenyan can either pay through his account in the united kingdom. Which is cheaper and by how much. Give your answer in Kenyan Shillings given that;

Kenyan business man owes U.S dollars 100 000 to a company in the united states of America The Kenyan can either pay through his account in the united kingdom. Which is cheaper and by how much. Give your answer in Kenyan Shillings given that;
1 U.S dollar
= 28.74 Shillings
I Sterling pound
= 1.79 U.S dollars
1 Sterling pound
= 50.80 Kenya Shillings

Answers


John
In Kenya

1 U.S Dollar = sh 28.74

100 000 U.S Dollars = ?

He would pay

28.74 x 100 000

= sh 2 874 000

In United Kingdom

1 Sterling pound = 1.79 U.S Dollars

? = 100, 000 U.S Dollars

= $\frac{100 000}{1.79}$ = 55 865.92 Sterling pounds

1 Sterling pound = sh 50.80

55 865.92 Sterling pounds = ?

He would pay

= 55 865.92 x 50.80

= sh 2 837 988.70

Paying through the account in United Kingdom is cheaper by

2 874 000. 00
-2 837 988.70

sh. 36 011.30
johnmulu answered the question on June 9, 2017 at 07:10

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