If the Canadian dollar is worth 37% less than the U.S. dollar, then the US dollar is worth what percent more than the Canadian dollar?
For full marks your answer should be rounded to the nearest hundredth of a percent.
2006-09-27 15:45:02 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
58.74%
(1-0.63)/.63
2006-09-27 15:55:04 · answer #1 · answered by JQT 6 · 0⤊ 0⤋
Actually if the canadian dollar is worth 63% of the US dollar (or 37% less), in order to find the exchange rate you would just get the reciprocal.
.63 Canadian Dollars/1 USD
1/.63= 158.73%
So for each US dollar you get 1.5873 Canadian Dollars...which isn't actually what the current exchange rate is...its 1.11 canadian dollars per us dollar
2006-09-28 02:18:24 · answer #2 · answered by Some Dude 1 · 2⤊ 0⤋
that would be 100-37=63%
Actually, I have no f*cking clue what it is.
2006-09-27 22:46:53 · answer #3 · answered by Anonymous · 0⤊ 1⤋