Money exchange practice questions with answers

1. Using the rate of Rs. 110 per US dollar, calculate the US Dollars for RS. 11000.

Solution:

Given:

1$=Rs. 110

Rs 11000=X$

Using chain rule,

Or, 1×11000=110×X

Or, 11000/110=X

Or, X=100$

.•. Rs. 11000=100$

2. If 1000 yen=Rs.984 then convert 550000 yen into Rupees.

Solution:

Given:

Rs. 984=1000yen

550000=Rs. X

Using chain rule,

Or, 984×550000=1000×X

Or, 984×(550000/1000)=X

Or, 984×550=X

.•. X= Rs. 5,41,200

3. If 1 Swiss Franc=Rs 108.33 then find the Swiss franc for Rs. 32499.

Solution:

Given:

1 Swiss franc =Rs.108.33

Rs. 32499= X Swiss Franc

Using chain rule,

1 Swiss franc × Rs 32499=Rs. 108.33 × X Swiss Franc

Or, 32499/108.33= X

Or, X=300 Swiss Franc

Now there are some practice questions for you.

Answer key: