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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Exchange rate open tuition lecture notes Eg 2)
Hi sir,
I see this video but I am still not able to get it. I have qstn that why u multiply 240000$* 9.2530?. Instead divide. I am very confused how to know when to divide and multiply?? Can you please explain me. Thanks in advance
9.2530 IR = 1 R$
So 1R$ = 9.2530 IR
Therefore 2 R$ = 2 x 9.2530 IR
and 3 R$ = 3 x 9.2530 IR
We want 240,000 R$, so this equals 240,000 x 9.2530 IR
I understand sir. But what if question change like instead of R$ 240000 to IR 240000 than how can I do ??
9.2530 IR = 1 R$
Therefore, 1 IR = 1/9.2530 R$
So 240,000 IR = 240,000 x 1/9.2530 R$
Thank you so much sir. I understand your lectures. I find easy to understand. Thanks again sir.
You are welcome 🙂