In the good old days (1986), the U.S. dollar was worth 1.85 Swiss Francs.  Over two decades later in 2012, the dollar was worth 0.91 Swiss Francs.  The value of the dollar in Swiss Francs went down by about   A. 49%   B. 94%   C. 51%   D. Can’t tell without knowing the CPI for 1986.   E. 203%

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...
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In the good old days (1986), the U.S. dollar was worth 1.85 Swiss Francs.  Over two decades later in 2012, the dollar was worth 0.91 Swiss Francs.  The value of the dollar in Swiss Francs went down by about

  A.

49%

  B.

94%

  C.

51%

  D.

Can’t tell without knowing the CPI for 1986.

  E.

203%

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