# Exchange rates

If the Canadian dollar appreciated by C$0.005 relative to the US dollar, what would be the new value of the Canadian dollar per US dollar? Assume the current exchange rate was US$1 = C$0.907. ### Correct answer: r = 0.9116 US/C ### Step-by-step explanation: We will be pleased if You send us any improvements to this math problem. Thank you! Tips to related online calculators Check out our ratio calculator. #### You need to know the following knowledge to solve this word math problem: ## Related math problems and questions: • Loan If you take a bank loan$ 10000 and we want to repay after the year, we have to pay the total amount $10320/ What is the annual interest rate on this loan? • Salary Calculate the equivalent annual salary to an hourly wage of$ 19. Assume a 42-hour workweek.
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