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1. On Friday, September 13, 1992, the lira was worth DM 0.0013. Over the weekend the lira devalued against the DM to DM 0.0012. By

1. On Friday, September 13, 1992, the lira was worth DM 0.0013. Over the weekend the lira devalued against the DM to DM 0.0012. By how much had the lira devalued against the DM?

a. 7.69%

b. 8.33%

c. 5.21%

d. 9.27%

(The answer is A- Just need a detailed explaination of how to get it)

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