Question: Can you please provide the explanation, formula and correct answer for the problem above? Based on the following exchange rates: Today: 1 dollar =90 yens

Can you please provide the explanation, formula and correct answer for

Can you please provide the explanation, formula and correct answer for the problem above?

Based on the following exchange rates: Today: 1 dollar =90 yens Yesterday: 1 dollar =95 yens What was the percentage dollar appreciation/depreciation against the yen? Select one: a. 5.56% depreciation b. 5.18% depreciation c. 5.26% appreciation d. 5.56% appreciation e. 5.26% depreciation

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