A Nairobi importer pays USD 800 for goods when the exchange rate is KSh 132 per US dollar. How much is this in Kenya shillings?
Answer and explanation
Correct answer: A. KSh 105,600
- Step 1: Shillings = dollars x rate. Step 2. = 800 x 132 = KSh 105,600. Answer: KSh 105,600. Why not the others: KSh 6.06: That divides dollars by the rate instead of multiplying. KSh 932: That adds the two numbers. KSh 0.17: That divides the rate by the dollars.
Practise more Exchange rates.
Free questions with an explanation for every one, and full timed KASNEB CPA Foundation Level (Kenya) mock tests.
More Exchange rates questions
- A Nairobi importer pays USD 500 for goods when the exchange rate is KSh 130 per US dollar. How much is this in Kenya shillings?
- A Nairobi importer pays USD 1,200 for goods when the exchange rate is KSh 128 per US dollar. How much is this in Kenya shillings?
- A Nairobi importer pays USD 250 for goods when the exchange rate is KSh 145 per US dollar. How much is this in Kenya shillings?
- A Nairobi importer pays USD 90 for goods when the exchange rate is KSh 150 per US dollar. How much is this in Kenya shillings?
- A tourist changes KSh 260,000 into US dollars at KSh 130 per dollar. How many dollars does she receive?
- A tourist changes KSh 384,000 into US dollars at KSh 128 per dollar. How many dollars does she receive?