b. Bill selling rate for import bill USD 100000.00 if the interbank rate is 48.5600/5700 and margin to be charged is 0.20% Selling rate is required. So take 48.57. Margin = 48.57 x 0.20% = 0.09714 . Sale, so add margin. Rate = 48.57+0.09714 = 48.66714. Amount debited to customer = 48.66714 x 100000 = 4866714. In exam u can take 4 decimals only.
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