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D: 1.2 E: 1.8 Y: 1.5 Somebody has bought US Dollar with two-third of his money and Euro with one-third. Dollar has gained value over
D: 1.2 E: 1.8 Y: 1.5
Somebody has bought US Dollar with two-third of his money and Euro with one-third. Dollar has gained value over national currency by D % each month and Euro E % each month. The average monthly inflation rate is Y. Find the percentage loss of him/her at the end of a year. (20 points)Step by Step Solution
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