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Between the years 1970 and 1976, what percentage change in the rate of exchange occurred in the German mark relative to the United States dollar (to the nearest percent)?
%

Choose The Correct Answer Between The Years 1970 And 1976 What Percentage Change In The Rate Of Exchange Occurred In The German Mark Relative To The United Stat class=

Answer :

answer:

Between the years 1970 and 1976, what percentage change in the rate of exchange occurred in the German mark relative to the United States dollar (to the nearest percent)?

45 %

MRROYALGO

The percentage change in the rate of exchange occurred in the German mark relative to the United States dollar is 45%

How to determine the change in the rates?

From the chart (table), we have the following rates in Germany:

  • Rate in 1970 = 27.42
  • Rate in 1976 = 39.74

The percentage change is then calculated using:

Percentage change= (Final - Initial)/Initial * 100%

This gives

Percentage change= (39.74 - 27.42)/27.42* 100%

Evaluate the quotient

Percentage change= 0.45* 100%

Evaluate the product

Percentage change= 45%

Hence, the percentage change in the rate of exchange occurred in the German mark relative to the United States dollar is 45%

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