11. A Kenyan bank bought and sold United Arab Emirates (UAE) dirhams on two different dates...
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11. A Kenyan bank bought and sold United Arab Emirates (UAE) dirhams on two different dates as shown below. 1st August 2021 16th August 2021 1 UAE dirham 1 UAE dirham Buying (Ksh) 28.40 28.00 Selling (Ksh) 28.90 28.40 A Kenyan tourist who travelled to UAE on 1st August 2021 converted Ksh 130050 to UAE dirhams. During her stay in UAE, she spent 3 520 UAE dirhams. She arrived back to Kenya on 16th August 2021. On the same day she converted the remaining amount of money to Kenya shillings at the same bank. Calculate the amount of money in Kenya shillings that she received from the bank. (3 marks) 11. A Kenyan bank bought and sold United Arab Emirates (UAE) dirhams on two different dates as shown below. 1st August 2021 16th August 2021 1 UAE dirham 1 UAE dirham Buying (Ksh) 28.40 28.00 Selling (Ksh) 28.90 28.40 A Kenyan tourist who travelled to UAE on 1st August 2021 converted Ksh 130050 to UAE dirhams. During her stay in UAE, she spent 3 520 UAE dirhams. She arrived back to Kenya on 16th August 2021. On the same day she converted the remaining amount of money to Kenya shillings at the same bank. Calculate the amount of money in Kenya shillings that she received from the bank. (3 marks)
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Related Book For
Dynamic Business Law The Essentials
ISBN: 978-1259917103
4th edition
Authors: Nancy Kubasek, Neil Browne, Daniel Herron
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