if the foreign exchange rate is N80 to £1, then a bicycle bought for £40 will cost

if the foreign exchange rate is N80 to £1, then a bicycle bought for £40 will cost

Answer Details

If the foreign exchange rate is N80 to £1, then to convert the cost of a bicycle bought for £40 to Naira, we need to multiply the pounds by the exchange rate in Naira. £40 * N80/£1 = N3,200. Therefore, the bicycle bought for £40 will cost N3,200. So, the correct option is: N320.00.