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Foreign Exchange Rate · Question 10 of 50

Question 10

HardOriginal question

The exchange rate moves from ₹80 to ₹84 per dollar. By what percentage has the dollar appreciated against the rupee?

Options for question 10

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. The dollar's price in rupees rose by 4 on a base of 80.

  2. 4 ÷ 80 × 100 = 5%.

Worth noting

4.76% is how much the rupee fell in dollar terms (1/80 to 1/84), a different measure.

Concept
Percentage change
Typical time
100 s
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The rule this testsThe exchange rate
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Ten questions from Foreign Exchange Rate, at your own pace.

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Ten questions from Foreign Exchange Rate, at your own pace.

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