Commercial arithmetic: currency exchange — KCSE Mathematics
KCSE Mathematics · 106 practice questions · 3 syllabus objectives
What You'll Learn
Key learning outcomes for this topic, aligned to the KNEC KCSE syllabus.
Convert between currencies using buying and selling exchange rates from a bank rate table
Calculate the amount received in a foreign currency and the bank charges on currency exchange
Commercial arithmetic: currency exchange
Sample Questions
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A Kenyan student exchanges Ksh 10,000 to obtain Canadian dollars (CAD) at an exchange rate of Ksh 80 per CAD. The bank charges a fee of Ksh 200 for the transaction. Calculate the total amount of Canadian dollars received after deducting the bank charges. (3 marks)
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State the amount in Ksh a tourist would get after converting €500 back to Ksh at a selling rate of Ksh 150 per euro. (2 marks)
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State how many euros a Kenyan company would receive after exchanging Ksh 10,000 at a buying rate of Ksh 120 per euro. (2 marks)
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A tourist converts Ksh 15,000 to US Dollars at an exchange rate of Ksh 130 per Dollar. If the bank charges a fee of Ksh 150, how much US Dollars does the tourist receive? (4 marks)
Why Practise Commercial arithmetic: currency exchange?
KNEC Aligned
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