Maria has just been told that she needs to develop a budget to spend $50,000 dollars in next 12 months. Maria has been asked to
1 answer:
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Answer:
The price of a U.S. postage stamp has increased 10% in terms of Japanese yen and 44% in terms of British pounds.
Explanation:
The exact question is as follows :
To find - Between April 12, 2008, and April 12, 2013, the price of a U.S. postage stamp increased from $0.41 to $0.46. The price of a U.S. postage stamp has increased approximately ____________ in terms of Japanese yen and _____________ in terms of British pounds.
Solution -
Given that,
postage stamp increased from $0.41 to $0.46
Now,
From the table, we can find that,
For, April 12, 2008
1$ = 0.5069 £
1$ = 101.54 ¥
And
For April 12, 2013
1$ = 0.6510 £
1$ = 99.62 ¥
Now,
We have -
1$ = 0.5069 £
⇒$0.41 = 0.207829 £
and
1$ = 0.6510 £
⇒$0.46 = 0.29946 £
So,
Change = (0.29946 - 0.207829)/ (0.207829) × 100 %
= 44%
∴ we get
The price of a U.S. postage stamp has increased 44% in terms of British pounds.
Now,
Similarly, we do for Japanese Yen
We have -
1$ = 101.54 ¥
⇒0.41$ = 41.6314 ¥
And
1$ = 99.62 ¥
⇒0.46$ = 45.8252 ¥
So,
Change = (45.8252 - 41.6314)/ 45.8252 × 100 %
= 10%
∴ we get
The price of a U.S. postage stamp has increased 10% in terms of Japanese yen.
