Assume that in 1990 a Toyota Corolla sold for 1,476,000 yen in Japan and $8,200 in the U.S.The car still sells for the same amount of yen today,but the current exchange rate is 85 yen per dollar,what is the car selling for today in U.S.dollars?
A) $14,760
B) $17,365
C) $18,204
D) $9,647
Correct Answer:
Verified
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