Your friend from Australia purchased a computer for C$3,200 while visiting you for the holidays, when the exchange rate was C$1 = A$1.0201. If the exchange rate changed to C$ 1 = A$1.04, what was the change in value of the computer in Australian dollars?

Your friend from Australia purchased a computer for C$3,200 while visiting you for the holidays, when the exchange rate was C$1 = A$1.0201. If the exchange rate changed to C$ 1 = A$1.04, what was the change in value of the computer in Australian dollars?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter36: Exchange Rates And Financial Links Between Countries

Section: Chapter Questions

Problem 13E

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Question

Your friend from Australia purchased
a computer for C$3,200 while visiting
you for the holidays, when the
exchange rate was C$1 = A$1.0201.
If the exchange rate changed to C$
1
A$1.04, what was the change in
value of the computer in Australian
dollars?
=

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