The value of the euro was $1.30 last week. During last week the euro depreciated by 5 percent. What is the value of the euro today?
A) $1.365
B) $1.235
C) $1.330
D) $1.30

Question

​The value of the euro was $1.30 last week. During last week the euro depreciated by 5 percent. What is the value of the euro today?
A) ​$1.365
B) ​$1.235
C) ​$1.330
D) ​$1.30

Quizplus · Accepted Answer

To find the value of the euro today after depreciating by 5%, we need to subtract 5% of $1.30 from $1.30, which is $1.30 - ($1.30 x 0.05) = $1.235. Therefore, the answer is option B.

​The Value of the Euro Was $1

The Value of the Euro Was $1