Question

If the Yen/Dollar ratio follows the same trend from 24th to 27th as from 21st to 24th, then what will be the value of Rs 50 on 27th June?

• A. Rs 2000
• B. Rs 5400 Yen
• C. 6000 Yen
• D. Rs 3000

Answer 1

The correct option is B Rs 5400 Yen

Percentage change in Yen/Dollar from 21st to 24th June = (107.5 - 107)/107 * 100 = 0.467 %
So, Percentage change in Yen/Dollar from 24st to 27th June = 0.467 %
So value of $ 50 on 27th June = 50 x 107.5 x (100 + 0.467)/100 = 5400 Yen
Hence, correct answer is option (b)