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Let P be a positive number and suppose that the spot rate for one Australian dollar is P United States dollars. Let x be a

Let P be a positive number and suppose that the spot rate for one Australian dollar is P United States dollars. Let x be a positive number and assume that the United States dollar decreases by 100x % in Australian dollars.

Calculate the percentage increase for one Australian dollar in United States dollars in terms of x. Simplify your answer.

(4 marks)

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