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ANTONII [103]
3 years ago
8

In 2010, $1.00 U.S. bought 8.24 Chinese yuan and in 2012 it bought 6.64 Chinese yuan. How many U.S. dollars could 1 Chinese yuan

purchase in 2010 and 2012?
a.2010: .12 U.S. dollars; 2012: .15 U.S. dollars
b.2010: 1.2 U.S. dollars; 2012: 1.5 U.S. dollars
c.2010: .82 U.S. dollars; 2012: .66 U.S. dollars
d.2010: .15 U.S. dollars; 2012: .11 U.S. dollars
Business
1 answer:
Lelechka [254]3 years ago
4 0

Answer:

A.2010: .12 U.S. dollars; 2012: .15 U.S. dollars

Explanation:

Given that

In 2010

$1 bought 8.24 yuan

In 2012

$1 bought 6.64 yuan

Therefore

In 2010

1 Chinese yuan will buy (1 dollar × 1 Chinese yuan) ÷ 8.24 chinese yuan

= 1 ÷ 8.24

= 0.12 dollars

Also,

In 2012

1 Chinese yuan will buy (1 dollar × 1 Chinese yuan) ÷ 6.64 chinese yuan

= 1 ÷ 6.64

= 0.15 dollars

Note, conversion rates shows how much of one currency can be used to buy 1 of another currency. In this case, the comparison is between Chinese yuan and US dollars. It showed how how much Chinese yuan could be used in purchasing US dollar and vice versa.

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Answer:

14.29%

Explanation:

Number of shares purchased= 200

Purchase price per share= $70

Year end price = $80

Total Investment cost = 200 shares * $70 per shares = $14,000

Percentage return earned on investment = Number of shares * (Year end price - Purchase price) / Investment

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Answer:

26.67%

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luda_lava [24]

Answer:

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Explanation:

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