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Verizon [17]
2 years ago
12

A person bought some Australian dollar of NRs 1,50,000 according to the exchange rate. Australian dollar 1 = NRs 77.02. After fi

ve days, in compare to Australian dollar the Nepali currency is devaluated by 5%. What is the profit or loss of that person when he exchanged the dollors he had into Nepali rupees again in that day? Find it.​
Mathematics
1 answer:
AlekseyPX2 years ago
5 0

Answer:

  5.26% profit (NRs 7,894.24)

Step-by-step explanation:

The exchange of 1,50,000 NRs to A$ will give ...

  A$ 1/(NRs 77.02) = x /1,50,000

  x = A$ 1,50,000/77.02 = A$ 1947.54 . . . . . (rounded down)

If the Nepali rupees are devalued by 5%, then what did buy A$ 1 will now buy only A$ 0.95. Then the exchange back to NRs will give ...

  (NRs 77.02)/(A$ 0.95) = x/(A$ 1947.54)

  x = NRs (1947.54)(77.02/0.95) = NRs 1,57,894.24

The effective profit is the difference from the amount initially exchanged, NRs 7,894.24, or ...

  (1,57,984.24/1,50,000 -1) × 100% ≈ 5.26%

__

<em>Additional comment</em>

Except for the loss in the exchange due to rounding down, the profit would be 1/0.95 -1 = 5.2632%. Instead, it is 5.2628%. This is why investors move their money to investments that retain their value when the local currency is losing its value.

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A bag contains 9 marbles: 2 are green, 3 are red, and 4 are blue. Laura chooses a marble at random, and without putting it back,
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Riverside Elementary School is holding a school-wide election to choose a school color. Five-eighths of the votes were for blue,
Mnenie [13.5K]

Answer:

Step-by-step explanation:

Let the total number of votes to choose a color = x

Number of votes for blue = \frac{5}{8}\times x

Remaining votes = x - \frac{5}{8}\times x

                            = \frac{8x-5x}{8}\times x

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Votes for green = \frac{5}{9}\times (\text{Remaining votes})}

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                          = \frac{5}{24}\times x

Finally remaining votes = \frac{3x}{8}-\frac{5x}{24}

                                       = \frac{9x-5x}{24}

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Since these votes are for red therefore,

\frac{x}{6} = 48

x = 48×6

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a) Votes for blue are \frac{5x}{8}

Therefore, exact number for blue votes = \frac{5\times 288}{8}

= 5×36

= 180

b). Votes for green = \frac{5x}{24}

= \frac{5\times 288}{24}

= 60

c). Since 25 students were absent on that day of the vote, number of students at Riverside Elementary School = 288 + 25

= 313

d). Since seven tenths of the votes for blue were made by the girls.

Therefore, number of girls voted for blue = \frac{7}{10}\times 180

= 7×18

= 126

Since total votes made = 288

Therefore, half of the votes made = \frac{288}{2}

= 144

Now it's clear that number of votes made by girls is less than half of all the votes.

e). 126 girls voted for blue.

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