24
QuizMultiple Choice

Exchanging Currencies Money Markets — Quiz

Question 24 • Financial Math

Aayan is visiting the United Kingdom from India and wants to buy 3 kilograms of high-quality basmati rice. The rice is sold in 500 -gram packages, and the price is 6 GBP (British pounds) per package. What is the price of rice in INR (Indian rupees) per kilogram? Currency conversion: 1 GBP = 100 INR

Answer
A
2 INR per kilogram
B
2 comma 400 INR per kilogram
C
600 INR per kilogram
D
1 comma 200 INR per kilogram

Explanation

Each 500-gram package costs 6 GBP, which converts to 6 × 100 = 600 INR. One kilogram is two 500-gram packages, so the price is 2 × 600 = 1,200 INR per kilogram. The correct choice is 1,200 INR per kilogram.

AI-written and checked against the verified answer.

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