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Determine the percentage change of the euro


Problem:

Three years ago the U. S. dollar equivalent of a foreign currency was $1.2167. Today, the U. S. dollar equivalent of a foreign currency is $1.3310.

Required:

Question: Determine the percentage change of the euro between these two dates.

Note: Explain all calculation and formulas.

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Accounting Basics: Determine the percentage change of the euro
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