Exchange rate question help

Question

Ewan exchanges his money on arrival in India.
The exchange rate is now £1 = 99.72 rupees.
The exchange bureau only has 500 rupee notes.
Ewan wants to buy as many rupees as possible with his £450 savings.
How much of his £450 will Ewan spend buying rupees?
Give your answer correct to the nearest penny.

Answer 1

Ewan has £450, right?, and one british pound is 99.72 indian rupees

so the net indian rupees he would've got is (450*99.72)=44874 rupees

but, there is some porblem as the exchange bureau only has 500 rupees note. 

So, Ewan couldn't get the rupees that I just calculated.

therefore, if you divide 44874 by 500 then quotient is 89 and the left over is 374

now multiply 89 by 500 you would get 44500. so 44500 is the rupees that ewan can get by exchanging his pound

therefore, 44500/99.72=446.25 which means 446 pounds and 25 penny (Answered)

 

Hope you understand the solution. Please let me know if you don't get it. Cheers

Answer 2

£1 = R99.72

£450 = R44,874

How many R500 notes can he get?

How much is that in pounds?