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6 October, 07:27

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. 6 October, 08:42
    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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