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An export-import company in Kenya owes a firm in the United states USD 55 600. The company can pay this debt in Kenya shillings (Ksh) or in sterling pounds (€) through their account in Britain.
The bank in Kenya charges a commission of 5% while the British bank charges 3% commission on the
transaction. The currency exchange rate is:
1 USD = Ksh 54.36
1 Sterling € = USD 1.624
1 Sterling € = Ksh 88.35
Giving your answer to the nearest one thousand Ksh, find which method is cheaper and by how much.