QUESTION 1

a) City University received invitation to showcase the universitys academic programme in Gulf Expo Qatar 2022 in the capital city of Doha. The university is planning to send 10 delegates from various faculties. Estimated budget per pax for the 1 week event is 8,000 Qatari Riyal inclusive of returns airways tickets. Given the exchange rate of Qatari Riyal to Ringgit Malaysia at QAR/MYR = 1.16, calculate the overall cost that City University has to allocate in Ringgit Malaysia. (4marks)

b) You received an invitation to become an adjunct professor in Universiti Brunei Darussalam. You decide to exchange BND5,000 to cover your daily expenses before you get your first pay check. The currency exchange board quoted MYR / IDR = 3,415.59 and BND / IDR = 10,611.73.

1. Calculate MYR/BND exchange rate. (4 marks)
2. Exchange the RM5,000 into BND. (2 marks)