A school received 6000 sterling pounds. Using the bank's buying rate of 1 pound = 134.46 Kenyan shillings, calculate the amount in Kenyan shillings.

Here are the solutions to your questions:

1. Currency Exchange

a) Calculate the amount of money in Kenyan shillings the school received.
The school received 6 000 sterling pounds. To convert this to Kenyan shillings, we use the bank's buying rate for sterling pounds, as the bank is buying pounds from the school.
1 sterling pound = 134.46 Kenyan shillings
Amount in Ksh = $6000 \text{ pounds} \times 134.46 \text{ Ksh/pound}$
Amount in Ksh = $806760 \text{ Ksh}$
The school received Ksh 806 760.

*b) If the school management