4
QuizMultiple Choice

Exchanging Currencies Money Markets — Quiz

Question 4 • 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
600 INR per kilogram
B
2 comma 400 INR per kilogram
C
1 comma 200 INR per kilogram
D
2 INR per kilogram
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