Asked by Annie
                what is the general formula for figuring out this question? 
If the dinar devalues against the US dollar by 45%, the US dollar will appreciate against the dinar by...?
I'm not getting this at all, and the book is not helping!!
            
        If the dinar devalues against the US dollar by 45%, the US dollar will appreciate against the dinar by...?
I'm not getting this at all, and the book is not helping!!
Answers
                    Answered by
            economyst
            
    Use simple algebra, and start with an example.  Say, initially, 1 dinar = 1 dollar.  Then the dinar devalues by 45% so that 1 dinar = .65 dollar.  With this, how many dinar's is 1 dollar.  Well 1 dollar / .65 = 1.54.  So, the dollar appreciated against the dinar by 54%.
    
                    Answered by
            economyst
            
    oops, sorry stupid mistake.  if the dinar devalues by 45% that means 1 dinar = .55 dollars.  Take it from here.
    
                    Answered by
            Anonymous
            
    The answer above is wrong. the correct answer is 82%
    
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