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Suppose 104 Yen could be purchased in the foreign exchange market for one U.S. Dollar today. If the yen appreciates by 14% tomorrow, how much

Suppose 104 Yen could be purchased in the foreign exchange market for one U.S. Dollar today. If the yen appreciates by 14% tomorrow, how much Yen could one U.S. dollar buy tomorrow?

A. 91.2 Yen

B. 133.5 Yen

C. 96.3 Yen

D. 89.4 Dollar

E. 121.3 Yen

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