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A trader bought an engine for $15,000.00 outside Nigeria. If the exchange rate is $0.075 to...

Mathematics
WAEC 2015

A trader bought an engine for $15,000.00 outside Nigeria. If the exchange rate is $0.075 to N1.00, how much did the engine cost in Naira?

  • A. N250,000.00
  • B. N200,000.00
  • C. N150,000.00
  • D. N100,000.00
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Correct Answer: Option B
Explanation

N1.00 = $0.075

N X = $15,000

X = \(\frac{1.00 \times 15000}{0.075}\)

= N200,000.00


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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts