Explanation:

Step 1 – Convert from Rand in to £ / 13.6 = 367.65 Step 2 – Convert from £ in to US $ 367.65 x 1.84 = $676.48 Thus the correct answer is (E), $676.48

Explanation:

Step 1 – Convert into £ (using Week 2 figures) 10,000 / 128.6 = £77.76 Step 2 – Convert into Euros (using Week 5 figures) £77.76 x 1.28 = 99.53 Thus the correct answer is (C), 99.53

Explanation:

Step 1 - splits £2,100 equally into US $, Japanese Yen and South African Rand £2,100 / 3 = £700 Step 2 – Calculate the amount of US $, Japanese Yen and South African Rand (Week 1) US $: £700 x 1.64 = $1,148 Japanese Yen: £700 x 123.2 = 86,240 Yen South African Rand: £700 x 13.4 = 9,380 Rand Step 3 – Deduct a 5% charge for each currency $1,148 x .95 = $1,090.6 86,240 Yen x .95 = 81,928 Yen 9,380 Rand x .95 = 8,911 Rand Step 4 – Convert back into £ (Week 3) $1,090.6 / 1.74 = £626.78 81928 Yen / 134.8 = £607.77 8911 Rand / 13.2 = £675.08 Total = £1,909.626. Deduct a second 5% for the transaction fee. £1,909.63 x 0.95 = £1,814 = £1,800 (to the nearest £100) Thus the correct answer is (B), £1,800

Explanation:

Step 1 – Calculate the % change in value for each currency between Weeks 1 and 4 Euro: (1.34 – 1.20) / 1.20 = 0.117. Note: some people find it quicker to calculate 1.34 / 1.2 but both methods produce the same answer. US $: (1.84 – 1.64) / 1.64 = 0.122 Japanese Yen: (135.0 – 123.2) / 123.2 = 0.096 South African Rand: (13.6 – 13.4) / 13.4 = 0.015 Thus the correct answer is (B), US $

Explanation:

Step 1 – Calculate Year 4’s total 24 + 35 + 24 + 22 + 26 = 131 Step 2 – Calculate Next Year’s Projected total turnover 22 + 26 + 35 + 24 + 30 = 137 Step 3 – Calculate the % increase 6 / 131 = 4.6% So the correct answer is (C) 4.6%