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4 October, 10:58

Assume that 144 yen could be purchased in the foreign exchange market for one U. S. dollar today. If the yen depreciates by 15.0% tomorrow, how many yen could one U. S. dollar buy tomorrow?

answer choices:

155.52

165.60

180.03

163.29

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Answers (1)
  1. 4 October, 11:25
    0
    165.6 yen

    Explanation:

    $1 = 144 yen

    yen depreciates by 15.0%, $ 1 now costs

    $1 = 144 yen * 1.15 = 165.6 yen
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