Suppose one Canadian dollar would buy 262 yen in 2005.However, it would buy only 123 yen in 2012.Relative to the yen, the value of the dollar:

Question

Quizplus · Accepted Answer

To find out the change in the value of the dollar relative to the yen, we need to calculate the percentage change using the formula:

(Change in value / Initial value) x 100

In this case, we want to find the percentage change in the value of the dollar relative to the yen between 2005 and 2012.

The initial value is 262 yen per dollar in 2005, and the final value is 123 yen per dollar in 2012.

So the change in value is:

123 - 262 = -139

Note that we use a negative value here because the value of the dollar has decreased.

Plugging this into our formula, we get:

(-139 / 262) x 100 = -53.05%

Rounding to the nearest whole number, we get about a 50% decrease in the value of the dollar relative to the yen. Therefore, the answer is B.

Suppose One Canadian Dollar Would Buy 262 Yen in 2005