carlenejacob822 carlenejacob822
  • 17-01-2020
  • Business
contestada

If the Japanese yen–U.S. dollar exchange rate is ¥104.30/$, and it takes 25.15 Thai bahts to purchase 1 dollar, what is the yen price of the baht?

Respuesta :

ogundeyiolaide ogundeyiolaide
  • 18-01-2020

Answer:

4.15 Yen per 1 Thai bahts

Explanation:

Given a Yen (Y) to USD ($) Price of 104.30, and a Thai bahts (T) to USD price of 25.15. We derived the following.

[tex]\frac{Y}{USD} = 104.30[/tex]

[tex]\frac{T}{USD} = 25.15[/tex]

USD to Thai bahts = [tex]\frac{USD}{T} =\frac{1}{25.15}[/tex]

Therefore, Yen to baht = [tex]\frac{Y}{USD} *\frac{USD}{T}[/tex]

= [tex]104.30 * \frac{1}{25.15}[/tex]

= 104.30/25.15

= 4.15 Yen per Thai bahts

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