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 States dollar (to the nearest percent)?
%

Choose The Correct Answer.Between The Years 1970 And 1976, What Percentage Change In The Rate Of Exchange

Answers

Answer 1

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 %

Answer 2

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 = 27.42Rate 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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