Nepali rupees that the person requires to exchange $4500 will be equal to NRs. 555,022.8.
We know that:
$ 1 = NRs. 120.92
We are also given that a person needs $ 4500 to visit foreign countries.
Also, for the conversion, bank charges commission as 2 %
Now, $ 4500 in NRs. will be calculated by multiplying 120.92 with $ 4500.
$ 4500 = NRs. 120.92 × 4500
$ 4500 = NRs. 544,140
Now the commission charged by the bank will be:
2 % of 544,140
Commission = 2 / 100 × 544,140
Commission = NRs. 10,882.8
So, the amount the person will require to get $ 4500 will be = NRs. 544,140 + 10,882.8
= NRs. 555,022.8
Therefore, Nepali rupees that the person requires to exchange $4500 will be equal to NRs. 555,022.8.
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