Saturday, 1 October 2016

BRAIN TEASER FOR TODAY

15 months ago the price of 1 bitcoin was N52,000.  As at today the price as increased by 420%.

1. What is the current price ?
2. What is the dollar value given the exchange rate to be N450 naira.

Thank you

1. 1= N218,400

2= \$485.33

2. 1= N270,400

2= \$600.89

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5. 1. ₦218,400
2. \$485.33

6. 1. N218,400.00
2. \$485.33

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8. 218,400
\$485.33333

9. 1. N218,400
2 \$485.33

^(using your questions parameters), however real life cost currently stands at \$619.47

Ulq

10. I look at it this way

(100 + 420)/100 = 5.2

Then
N52,000 × 5.2 = N270, 400 (as of today)

If 1 BTC = 270, 400 as of today with USD exchange rate against Naira at N450 to 1 USD

270400 / 450 = 600.88889USD

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13. The amount now given the 420% increase stands at N270,400.00

The price in dollars using N450 exchange rate stands at \$600.89

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15. 270,400 Naira
600.8888889 Dollar

16. 1=218400
2=485.3333

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18. the price base on 420% increase will be 270,400 thousand naira

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