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The armstrong group sep/Dec 15

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › The armstrong group sep/Dec 15

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by John Moffat.
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  • November 8, 2016 at 7:59 pm #348124
    genty
    Member
    • Topics: 27
    • Replies: 33
    • ☆☆

    They converted Sar 42.65 to Usd using the 1Usd=10.7296sar rate but why have they divided 42.65 by 10.7296 and not multiply it with the same?

    November 9, 2016 at 8:37 am #348171
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54745
    • ☆☆☆☆☆

    Just for me to explain, suppose it was Sar 40, and the exchange rate was 1 USD = 10 Sar (or 10 Sar = 1 USD)

    If 10 Sar = 1 USD, then 20 Sar = 2 USD; 30 Sar = 3 USD; 40 Sar = 4 USD.

    That should explain it for you 🙂

    (Have you watched my free lectures on foreign exchange?)

    November 11, 2016 at 8:51 am #348439
    genty
    Member
    • Topics: 27
    • Replies: 33
    • ☆☆

    Thanks a ton, John. I’d make sure to watch the videos ?

    November 11, 2016 at 2:57 pm #348479
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54745
    • ☆☆☆☆☆

    You are welcome 🙂

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