Chakol booksellers received US Dollars 100,000. The money was converted into Kenya Shillings in a bank which buys and sells foreign currencies as follows : ...

Chakol booksellers received US Dollars 100,000. The money was converted into Kenya Shillings in a bank which buys and sells foreign currencies as follows :
Buyng Selling
(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 business received.
(b) The business 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.

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sharon kalunda answered the question on August 15, 2019 at 12:23

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