Kitengela Boys High School Form 4 Revision Series 13

1. Equity bank buys and sells foreign currencies as shown:

Currency Buying (ksh) Selling (ksh)

1 US Dollar 77.43 78.10

1 S.A Rand 9.03 9.51

A tourist arrived in Kenya with 5 600 US Dollars and changed the whole amount to
Kenya shillings. While in Kenya he spent Sh. 201,376 and changed the balance to S.A
Rand before leaving to South Africa. Calculate in SA Rand he received. 3 mks

2. Wanyama on arrival in Kenya to play for Harambee Stars against Uganda Cranes
converted 6000 Euros into Kenyan Shillings. During his stay in Kenya he spent Kshs.
260,000 and converted the remaining amount into US Dollars before travelling back to
England. Using the exchange rates below, find how many US Dollars he got?(4 mks)
Currency Buying Selling
(Kshs.) (Kshs.)
1 US Dollar 96.20 96.90
1 Euro 112.32 112.83

3. A Kenya bank buys and sells foreign currencies as shown.

Buying (Ksh) Selling (Ksh)
1 Euro 84.15 84.26
100 Japanese Yen 65.37 65.45
A Japanese traveling from France to Kenya had 5000 Euros. He converted all the 5000
 Euros to Kenya shilling at the bank. While in Kenya, he spent a total of Ksh.289,850
and then converted the remaining Kenya shilling to Japanese Yens at the bank.
Calculate the amount in Japanese Yen that he received. (3 marks)

4. The cost of a car outside Kenya is US $ 4800. You intend to buy one such car through an
agent who deals with Japanese Yen. The agent will charge 15% commission on the price
of the car and further 72 220 Japanese Yens for shipment of the car. How many Kenya
shillings will you need to send to the agent to obtain the car given that:
1 US $ = 117.20 Japanese Yens
1US $ = Kshs 72.34 (3 marks)

5. A Kenyan bank buys and sells currencies at the exchange rates below

Currency Buying (ksh) Selling (ksh)

1 euro 147.87 148.00
1 us dollar 74.22 74.50

An American tourist arrived in Kenya with 24,000 Euros. He converted all the euros to
Kenya shillings at the bank. He spent a total sh. 200,000 while in Kenya and converted
the rest into US dollars at the bank. Find the amount in dollars that he received.
(3mks)