Question

According to the money exchange rate of Nepal Rastra Bank, the purchasing and selling rates of 1 American dollar are NRS 119.70 and NRS 120.30 respectively, then. 1. How many American dollars can be exchanged with NRS 84,210?

2.how many nepali rupees can you exchange with $660? Find it.​

Answer 1

To find out how many American dollars can be exchanged with NRS 84,210, we can use the selling rate of 1 American dollar, which is NRS 120.30.

Dividing NRS 84,210 by NRS 120.30 per dollar, we get:

$70 = (NRS 84,210 / NRS 120.30 per dollar)

Therefore, NRS 84,210 can be exchanged for $70.

To find out how many Nepali rupees can be exchanged with $660, we can use the purchasing rate of 1 American dollar, which is NRS 119.70.

Multiplying $660 by NRS 119.70 per dollar, we get:

NRS 79,002 = ($660 x NRS 119.70 per dollar)

Therefore, $660 can be exchanged for NRS 79,002.