A trader bought an engine for 15 000 00 outside...

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A trader bought an engine for $15,000.00 outside Nigeria. If the exchange rate is $0.075 to N1.00, how much did the engine cost in Naira?

Correct Option: B

N1.00 = $0.075

N X = $15,000

X = $\frac{1.00 \times 15000}{0.075}$

= N200,000.00