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The exchange rate of the rands against the dollar is R1= $ 7,09. Assume that rands appreciate by 10,5 against the dollar. 1. Ca...Question
The exchange rate of the rands against the dollar is R1= $ 7,09. Assume that rands depreciate by 10,5 against the dollar.
1. Calculate the new exchange rates and show all the calculations
1. Calculate the new exchange rates and show all the calculations
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Answered by
GPT 3.5
The new exchange rate after depreciation would be:
R1 = $7,09
Depreciation = 10.5%
New exchange rate = R1 * (1 + Depreciation)
= 7.09 * (1 + 0.105)
= 7.09 * 1.105
= 7.83945
Therefore, the new exchange rate after depreciation will be R1 = $7.83945.
R1 = $7,09
Depreciation = 10.5%
New exchange rate = R1 * (1 + Depreciation)
= 7.09 * (1 + 0.105)
= 7.09 * 1.105
= 7.83945
Therefore, the new exchange rate after depreciation will be R1 = $7.83945.
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