Answer to Question #131984 in Macroeconomics for Mcedisi

Question #131984
A South African importer buys auto parts from a German manufacturer, and is invoiced for €5 000.00. Calculate the cost in rands if the exchange rate is R10.43 to 1€?
1
Expert's answer
2020-09-07T10:57:06-0400

Solution

Exchange rate: 1€     = R10.43

€5 000.00 =   ?

Cost in rands = "(\u20ac5 000.00 * R10.43)\/ 1\u20ac"

Cost in rands = "R5 000.00 * R10.43"

Cost in rands = R 52,150

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