The exchange rate is R19 to US$1. How many rand do you get for US$200?
Answer and explanation
Correct answer: A. R3 800
- Step 1: Each dollar gives R19.
- Step 2: 200 × 19 = R3 800.
Answer
R3 800.
Why not the others: R10,53: the dollars were divided by the rate instead of multiplied. R219: the dollars and the rate were added. R380: an extra factor of 10 was applied.
Practise more Money, interest and exchange rates.
Free questions with an explanation for every one, and full timed National Benchmark Tests (NBT) mock tests.
More Money, interest and exchange rates questions
- A product is sold in three sizes: 500 g for R40, 750 g for R54 and 1000 g for R76. Which size is the cheapest per gram?
- A product is sold in three sizes: 200 g for R12, 400 g for R22 and 600 g for R36. Which size is the cheapest per gram?
- A product is sold in three sizes: 250 g for R18, 500 g for R32 and 1000 g for R65. Which size is the cheapest per gram?
- A product is sold in three sizes: 330 g for R9, 660 g for R17 and 1000 g for R28. Which size is the cheapest per gram?
- R2 000 is invested for 2 years at 10% simple interest per year. How much interest is earned?
- R10 000 is invested for 2 years at 5% compound interest per year. How much interest is earned?