The Majlis Archive

Finance - Banking - Business The Majlis Vol 20 No 07, p.4

The day I loaned my friend $100, the value of the dollar was R8.

Question

The day I loaned my friend $100, the value of the dollar was R8. Today the worth is R7. How much should he pay me – R800 or R700?

Answer

Your friend must repay you 100 dollars, neither R800 nor R700. He must buy dollars and pay you back in dollars.

View on themajlis.co.za
PDF page
4

Appears under MINA AND MUZDALIFAH – ARE THEY MAKKAH.

Was this page helpful?