Results of exchange rate changes Early in September 1983, it took 245 Japanese y

Question

Results of exchange rate changes Early in September 1983, it took 245 Japanese yen to equal $1. Nearly 28 years later, in August 2011, that exchange rate had fallen to 123 yen to $1. Assume that the price of a Japanese-manufactured automobile was $11,250 in September 1983 and that its price changes were in direct relation to exchange rates. What would the dollar price of the automobile be in August 2011, again assuming that the car's price changes only with exchange rates? Round your answer to the nearest cent.?????

Explanation / Answer

245 Japanese yen= $1 $11,250*123/245=5647.9591$ dollar price of the automobile be in August 2011=$11,250*123/245=5647.9591$

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