If i had exchanged pound20000 into rubles in january and, Ask an Expert

Finance

If i had exchanged £20,000 into rubles in January and converted back into pounds in November, paying 2.5% commission for each transaction, how much would I have in pounds, to the nearest penny?

January exchange rate (rubles per pound) = 44.3623

November exchange rate (rubles per pound) = 49.7023

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Category:- Basic Finance
Reference No.:- M9397470

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