Final answer:
Following the 9% appreciation of the Swedish krona against the dollar, one could buy approximately 3.16 kronas with one dollar, considering the original value was $0.29 per krona.
Step-by-step explanation:
If 1 Swedish krona can be purchased for $0.29 today, and if the krona appreciates by 9% against the dollar tomorrow, we need to calculate the new value of 1 krona in terms of dollars and then determine how many kronas could be bought for 1 dollar.
Step 1: Calculate the New Value of 1 Krona
An appreciation of 9% means that the krona's value increases by 9% of its current value. If the current value is $0.29, the new value of the krona after appreciation is given by: $0.29 + 0.09 × $0.29 = $0.29 + $0.0261 = $0.3161.
Step 2: Calculate the Number of Kronas Per Dollar
To find out how many kronas a dollar would buy tomorrow, take 1 and divide it by the new value of 1 krona: 1/$0.3161 ≈ 3.16 kronas per dollar.
Therefore, after a 9% appreciation of the krona against the dollar, one could buy approximately 3.16 kronas with one dollar.