Money Exchange
Student Apozee
Student
- 1
- 404
- 1
According to the money exchange rate by the National Bank, the buying and the selling rates of 1 US dollar are NRs. 103.72 and NRs. 104.32 respectively, then
i. How many US dollars can be exchanged with NRs. 57376?
ii. How many NRs. can be exchanged with US dollar 500?
- 24 Dec, 2023
Replies (1)
Vidhyamath Online
Instructor
- 45
- 0
Solution: Here,
Buying rate = NRs. 103.72
Selling rate = NRs. 104.32
i. Let, $ x can be exchanged with NRs. 57376
∴ $ x = NRs. 57376
NRs. 104.32 = $ 1
By using chain rule,
∴ $ 550 can be exchanged with NRs. 57376.
ii. Let, NRs. x can be exchanged for $ 500
∴ NRs. x = $ 500
$ 1 = NRs. 103.72
By using the chain rule,
x × 1 = 500 × 103.72
or, x = 51860
∴ NRs. 51860 can be exchanged for Rs. 500.
:) Happy Learning
- 24 Dec, 2023
Suggested Topics
SEE Preparation
Compound Interest
At what rate of compound interest per annum, a sum of Rs. 1200 becomes Rs. 1348.32 in 2 years?
- By Rita Lamichhane
- Student
- 23 Dec, 2023
- 2
- 520
- 2
SEE Preparation
Compound Interest
If principal = Rs 1,00,000. rate of interest = 10% compounded half-yearly. Find(i) Interest for 6 months.(ii) Amount after 6 months.
- By Rita Lamichhane
- Student
- 23 Dec, 2023
- 2
- 513
- 4
SEE Preparation
Compound Interest
What is the difference between the compound interests on Rs. 5000 for 1 ½ year at 4% per annum compounded yearly and half-yearly?
- By Rita Lamichhane
- Student
- 23 Dec, 2023
- 2
- 642
- 2
SEE Preparation
Population Growth
The population of a town decreased every year due to migration, poverty and unemployment. The present population of the town is 6,31,680. Last year the migration was 4%, and the year before last, it was 6%. What was the population two years ago?
- By Rita Lamichhane
- Student
- 23 Dec, 2023
- 2
- 524
- 4
SEE Preparation
Sets
A survey was conducted among 300 students . It was found that 125 students like to play cricket . 145 students like to play football . 90 students like to play tennis . 32 students like to play exactly two games out of the three games. How many students like to...
- By Rita Lamichhane
- Student
- 23 Dec, 2023
- 2
- 508
- 4
SEE Preparation
Compound Depreciation
A TV was bought for Rs. 21,000. The value of the TV was depreciated by 5% per annum. Find the value of the TV after 3 years. (Depreciation means the reduction of value due to use and age of the item)
- By Student Apozee
- Student
- 24 Dec, 2023
- 1
- 525
- 5
Community Blog Articles
Nepal Bank Limited Job Vacancy Announcement 2081
Nepal Bank Limited, the first commercial bank in Nepal, has announced a vacancy for multiple positions. The bank invites applications from eligible Nepali ci...
Shikshak Sewa Aayog (TSC) Vacancy for Lower Second...
The Teacher Service Commission (TSC) of Nepal, based in Sanothimi, Bhaktapur, has announced an open competitive examination for the position of Lower Secondar...