Currency Conversion
Not what you're looking for?
If i had exchanged £20,000 into rubles in January and converted back into pounds in November, paying 2.5% commission for each transaction, how much would I have in pounds, to the nearest penny?
January exchange rate (rubles per pound) = 44.3623
November exchange rate (rubles per pound) = 49.7023
Purchase this Solution
Solution Summary
This solution looks at converting pounds into rubles with a commission rate.
Solution Preview
The first transaction gives us the following amount of rubles: 20,000 * 0.975 * 44.3623 = 865,064.85 ...
Purchase this Solution
Free BrainMass Quizzes
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Motivation
This tests some key elements of major motivation theories.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.