Exchange rates

Question 9

At the start of the financial year, the exchange rate between the British Pound and the Japanese Yen is £1 = ¥160. Over the course of the year, the British Pound appreciates by 15% against the Japanese Yen. If a UK manufacturing company exports £40,000 worth of machinery to Japan, how many Japanese Yen will the company receive for this export at the end of the year?

$¥6,400,000\text{¥}6,400,000$

$¥7,360,000\text{¥}7,360,000$

$¥7,000,000\text{¥}7,000,000$

$¥5,440,000\text{¥}5,440,000$

Exchange rates

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Question 9

At the start of the financial year, the exchange rate between the British Pound and the Japanese Yen is £1 = ¥160. Over the course of the year, the British Pound appreciates by 15% against the Japanese Yen. If a UK manufacturing company exports £40,000 worth of machinery to Japan, how many Japanese Yen will the company receive for this export at the end of the year?

$¥6,400,000\text{¥}6,400,000$

$¥7,360,000\text{¥}7,360,000$

$¥7,000,000\text{¥}7,000,000$

$¥5,440,000\text{¥}5,440,000$

Exchange rates

Question 9

Exchange rates Questions

Exchange rates

Question 9

Exchange rates Questions