A Kenyan bank buys and sells foreign currencies as shown below: Buying (Ksh) Selling (Ksh) 1 Sterling pound (£) 130.10 130.54 1 South African Rand 9.52 9.58 A businessman on a trip to Kenya had £50 000 which he converted to Kenya shillings. While in Kenya, he spent 80% of the money and changed the balance to South African Rand. Calculate, to the nearest Rand, the amount he obtained.

/in /by

A Kenyan bank buys and sells foreign currencies as shown below:

Buying (Ksh) Selling (Ksh)

1 Sterling pound (£) 130.10 130.54

1 South African Rand 9.52 9.58

A businessman on a trip to Kenya had £50 000 which he converted to Kenya shillings.

While in Kenya, he spent 80% of the money and changed the balance to South African Rand.

Calculate, to the nearest Rand, the amount he obtained.

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