Gce Model Questions Vol1 2022 Commerce Question 29
Practice objective / multiple choice question 29 from the 2022 Gce Model Questions Vol1 Commerce examination.
A traveller needs to obtain US\$2,500. The bank's buying rate is ₦460 per US\$, and its selling rate is ₦470 per US\$. Because the amount exceeds US\$2,000, the bank offers a \(1\%\) discount on the selling rate. In addition, a transaction fee of \(0.5\%\) of the amount in naira is charged. Calculate the total amount in naira the traveller must pay.
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About This Question
This is Gce Model Questions Vol1 2022 Commerce Question 29. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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