A tourist changes KSh 384,000 into US dollars at KSh 128 per dollar. How many dollars does she receive?

Answer and explanation

Correct answer: C. USD 3,000

  1. Step 1: Dollars = shillings / rate. Step 2. = 384,000 / 128 = USD 3,000. Answer: USD 3,000. Why not the others: USD 49,152,000: That multiplies instead of dividing. USD 383,872: That subtracts the rate from the shillings. USD 0.: That divides the rate by the shillings.

Practise more Exchange rates.

Free questions with an explanation for every one, and full timed KASNEB CPA Foundation Level (Kenya) mock tests.