Motho Mobe completed his studies from a TVET college in the year 2023. He wants to go and work in the USA. He much have R20000 in his bank account before he can travel. He asked his parents to assist him with the money

Question

Motho Mobe completed his studies from a TVET college in the year 2023. He wants to go and work in the USA. He much have R20000 in his bank account before he can travel. He asked his parents to assist him with the money

Use the following exchange rates to answer the questions that follow
$1=21.60. £1=26.10

3.2.1 calculate how much Motho needs in dollars (show all calculations)

Answer 1

Motho needs R20,000 to travel.

1 USD = 21.60 ZAR

Convert R20,000 to USD:
R20,000 / 21.60 = $925.93

So, Motho needs $925.93 in dollars to travel.