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On 01/02/16 of the USD/Euro exchanges rate was 0.92055 on 01/01/17 it was 9.5058. calculate the percentage increase

User Amedeiros
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Answer:

the percentage increase in the USD/Euro exchange rate from 01/02/16 to 01/01/17 is 3.26%.

Explanation:

To calculate the percentage increase in the USD/Euro exchange rate from 01/02/16 to 01/01/17, we need to use the following formula:

Percentage increase = (New value - Old value) / Old value x 100%

First, let's identify the old and new values:

Old value (01/02/16): 0.92055 USD/Euro

New value (01/01/17): 0.95058 USD/Euro

Now, let's plug these values into the formula:

Percentage increase = (0.95058 - 0.92055) / 0.92055 x 100%

Percentage increase = 0.03003 / 0.92055 x 100%

Percentage increase = 3.26%

Therefore, the percentage increase in the USD/Euro exchange rate from 01/02/16 to 01/01/17 is 3.26%.

User Ahmad Ragab
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