Question

Arnie is an american teaching english in Japan,and the currently has 55,000 yen in his bank account.If the excham=nge rate changes from 1 us dollar=90.77 Japanese yen to 1 US dollar=91.24 Japanese yen what happens to the value in US dollars of the money in Arnie's bank account?
A. it increases by $3.12
B it decreases by $3.12
C. it decreases by $25,850.00
D. it increases by $25,850.00

Answer 1

It decreases by $3.12