Money and Finance : Solutions
Exercise 8.1
The table shows the exchange rate for €1 into various currencies.| Australia |
1.25 Australian dollars (A$) |
|---|---|
| India |
70 rupees |
| Zimbabwe |
470 Zimbabwe dollars(ZIM $) |
| South Africa |
11 rand |
| Turkey |
2.3 Turkish lira (L) |
| Japan |
103 yen |
| Kuwait |
0.4 dinar |
| USA |
1.3 US dollars (US$) |
- Convert the following:
- € 25 into Australian dollars Solution
- € 50 into rupees Solution
- € 20 into Zimbabwe dollars Solution
- € 300 into rand Solution
- € 130 into Turkish lira Solution
- € 40 into yen Solution
- € 400 into dinar Solution
- € 150 into US dollars Solution
since €1=AU\$1.25, €25= $\displaystyle25\times 1.25=31.25$AU$
since €1=70 rupees,€50= $\displaystyle50\times 70=3500$rupees
since €1=470 ZIMS,€20= $\displaystyle20\times 470=9400$ZIMS
since €1=11 rand,€300= $\displaystyle300\times 11=3300$rand
since €1=2.3L,€130= $\displaystyle130\times 2.3=299$L
since €1=103 yen,€40= $\displaystyle40\times 103=4120$yen
since €1=0.4 dinar, €400= $\displaystyle400\times 0.4=160$dinar
since €1=1.3 US\$,€150= $\displaystyle150\times 1.3=195$US$
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