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
Published in
The Majlis Vol 20 No 07
PDF page
4

Appears under MINA AND MUZDALIFAH – ARE THEY MAKKAH.

Was this page helpful?