Question

It is given thatUS$ 1 = Rs 105 If the Nepali money is devaluated by 10% at the rate how much US$ can be exchanged with Rs 23100o

Answer 1

Answer: $200

Explanation:

If the Nepalese Rupee was devalued by 10%, that means that it would be weaker against the dollar by 10%.

= 105 * ( 1 + 10%)

= Rs 115.50

US$ 1 : Rs 115.50

If there are Rs 23,100 therefore, in US$, this would be:

= 23,100 / 115.50

= $200