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A Kenyan company received US Dollars 150,000. The money was converted into Kenya shillings in a bank which buys and sells foreign currencies as follows:

A Kenyan company received US Dollars 150,000. The money was converted into Kenya shillings in a bank which buys and sells foreign currencies as follows:

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.

Answers

a) 150000 x 77.24 = Kshs. 11,586 000

b)

maurice.mutuku answered the question on August 24, 2019 at 11:24

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