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

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

Quizplus · Accepted Answer

If the euro depreciated by 5%, then its value today would be 95% of its value last week. 95% of $1.30 is $1.235, so the correct answer is B.

The Value of Euro Was $1