Assuming that an equal number of refugees came to India each day in the period August 1, 1971 to
15 December 1971, what would be the per day cost (at the rate of 3 rupees per person per day) of
maintaining all the refugees that the government would have to incur as of the end of day on
November 13, 1971 in USD terms? (Assume the exchange rate for Indian Rupees and US dollars was
constant in the period mentioned).
US $.91 million
Answers
answer: 100 million ruppes
Given : 2.67 million had poured in period August 1, 1971 to 15 December 1971, exchange rate for Indian Rupees and US dollars was
constant 1 USD = 7.49 INR
rate of 3 rupees per person per day was cost
To Find : per day cost government would have to incur as of the end of day on November 13, 1971
Solution:
August 1, 1971
November 13, 1971
August = 31
September = 30
October = 31
November = 30
December = 15
= 137
Per day = 2.67/137 million
August 1, 1971 to November 13, 1971
31 + 30 + 31 + 13 = 105 Days
Person present on November 13
(2.67/137 )* 105 million
cost per person per day = 3 Rs
=> Cost incurred on November 13, 1971 = (2.67/137 )* 105 * 3
= 6.139 million INR
1 USD = 7.49 INR in 1971
= 0.82 million USD $
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