Respuesta :
Answer:
On January 1st, the $3,000 could buy 10,000 Swiss francs (3,000/0.3).
On June 1st, the $3,000 would buy 7,500 Swiss francs (3,000/0.4).
Explanation:
On January 1st, each Swiss francs could only purchase $0.30 while on June 1st, each Swiss francs could purchase $0.40.
These show that the Swiss francs had appreciated in value relative to the US Dollars with a positive change of 33%. Therefore, the dollar had weakened against the Swiss francs by the same rate.
Answer:
7500 Swiss francs
Explanation:
Working
January 1, Swiss francs = $0.3
$3000 will by 3000/0.3 = 10,000 Swiss francs.
June 1 , Swiss Francs = $ 0.4
$3000 will buy 7500 Swiss francs.
This also mean that in January 3.33 Swiss francs will buy 1 $
In June 1 , 2.5 Swiss francs will buy one dollar.
This shows that Swiss francs has appreciated in value against dollar over the months