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. He decided to order a watch from Britain at £81.
Calculate how much he will pay in rand value.( show all calculations)

Answer 1

First, we need to convert the British pounds to dollars and then convert the dollars to South African Rand.

1. Convert £81 to dollars:
£81 * 26.10 = $2111.10

2. Convert $2111.10 to South African Rand:
$2111.10 * 21.60 = R45511.16

Therefore, Motho Mobe will pay approximately R45511.16 for the watch from Britain.