Question

Ashin has been working in UAE for a decade and saved AED 125,500 which he wants to transfer now to his parent's account in India. Keeping in mind the AED – INR exchange rate for the day, which is AED 1 = 20 (approx.), find the amount of money which Arshad's parents will withdraw in India.

Answer 1

2510000 INR

Explanation:

Given

`Savings = AED 125500`

`1\ AED =20\ INR`

Required

The amount that will be withdrawn in India

We have:

`1\ AED =20\ INR`

Multiply both sides by the savings

`125500 * 1\ AED =20\ INR * 125500`

`125500\ AED =125500 * 20\ INR`

So, we have:

`125500\ AED =2510000\ INR`

Hence, the amount that will b withdrawn is: 2510000 INR