Mr. Sherpa has a flight to Japan for the business purpose. He has some US dollars
[2HA]
and he wants to exchange US [tex]$ 1,850 into Japanese Yen. The exchange rates fixed by NRB are 1 US dollar NPR 124.75 and 10 Japanese Yen (a) How much Japanese Yen can he exchange with US $[/tex] 1,850?
=
= NPR 9.25
[1U]
(b) If he exchanges the dollar on the day when the Nepali rupee is revaluated by 5%
relative to Dollar and Yen, how much Yen can he exchange with US [tex]$ 1,850? [2A] (c) If the bank charges 1% commission after revaluation of Nepali rupee, how much Japanese Yen can he exchange with US $[/tex] 1,850?
[2A]
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