Ten > Currency and Exchange Rate
Asked by Basanta ยท 2 years ago

A man exchanged some Canadian dollars of NRS. 9,72,000 at the exchange rate of 1 CAD ($) = NRS. 97.20 to visit Canada. He canceled his tour due to his health problem, so he exchanged his dollars to Nepali rupees after a week. On that day Nepali currency was devaluated by 2%. 

  1. How manyh Canadian dollars did he exchange in the beginning? Find it.
  2. Find the new exchange rate after devaluation of Nepalese currency.
  3. How much amount did he gain during these transactions? Find it.

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