Solve the question of and select the option from the choices A through D/E. Check your Answer and view the explanation.
The graph below shows historical exchange rates between the Pak Rupee (PKR) and the US Dollar
(USD) between January 9 and February 8 of a particular year.
Question: 3
On February 8, the dollar value was approximately what percent of the dollar value on January 9?
- 1.28
- 12. 8
- 101.28
- 112. 8
- 128
Show/Hide Explanation
Correct Answer: C
On January 9, the dollar value was 39.15 Rupees, and on February 8 the dollar value was 39.65 Rupees.
Hence, the dollar value on February 8th was 39.65/39.15 × 100 = (39.15 + 0.5)/39.15 × 100 = 100 + 0.5/39.15 × 100 = (100 + 1.28) = 101.28 percent of the value on January 9th. Hence, the answer is
(C).