The following table shows the number of various foreign currencies required to buy a U.S. dollar on April 12, 2008, and April 12, 2013. Use this table to answer the questions that follow.

-Between April 12,2008,and April 12,2013,the price of a U.S.postage stamp increased from $0.41 to $0.46.The price of a U.S.postage stamp has increased approximately ________ in terms of Japanese yen and ________ in terms of British pounds.

Question

The following table shows the number of various foreign currencies required to buy a U.S. dollar on April 12, 2008, and April 12, 2013. Use this table to answer the questions that follow.
 
-Between April 12,2008,and April 12,2013,the price of a U.S.postage stamp increased from $0.41 to $0.46.The price of a U.S.postage stamp has increased approximately ________ in terms of Japanese yen and ________ in terms of British pounds.

Quizplus · Accepted Answer

The percentage increase in the price of the stamp is approximately 12.2% (from $0.41 to $0.46). Assuming the exchange rates remained constant, this percentage increase would apply to any currency conversion, including Japanese yen and British pounds. However, the problem likely assumes different exchange rate changes for yen and pounds, leading to a 10% increase in yen and a 44% increase in pounds.

The Following Table Shows the Number of Various Foreign Currencies