One earns 5 million annual salary, what is his or her monthly salary paid in Uganda shillings?
Question
One earns 5 million annual salary, what is his or her monthly salary paid in Uganda shillings?
Solution
To calculate the monthly salary from an annual salary, you need to divide the annual salary by 12 (the number of months in a year).
Step 1: Divide the annual salary by 12. 5,000,000 / 12 = 416,666.67
So, the monthly salary is 416,666.67.
However, this is in the currency the annual salary was originally given in. If we assume this is in US dollars and you want to convert this to Ugandan Shillings, you need to know the current exchange rate.
As of October 2021, 1 US dollar is approximately 3,570 Ugandan Shillings.
Step 2: Multiply the monthly salary in US dollars by the exchange rate. 416,666.67 * 3,570 = 1,487,500,000.99
So, the monthly salary in Ugandan Shillings is approximately 1,487,500,000.99.
Please note that exchange rates fluctuate, so for the most accurate conversion, you should check the current rate.
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