@Ju1882
Solution of yesterday's Investment quiz.
****Tutorial Note**** Given 1BTC = 40BCH (I) When BTC strengthen, it means, purchasing power of BTC have been increased, now you can buy more BCH. In the same way, When BCH strengthen, it means, purchasing power of BCH have been increased, now you can buy more BTC. (ii) When BTC weakens, it means, purchasing power of BTC have been dicreased, now you can buy lesser BCH. In the same way, When BCH weakens, it means, purchasing power of BCH have been dicreased, now you can buy lesser BTC. ****Question**** Suppose today is 01/August/2020 and 1BTC=40BCH, then what will be 1BTC=?BCH on 31/October/2020, in the given cases. (I) BTC strengthen by 5% w.r.t BCH over the period. (ii) BTC weakness by 5% w.r.t BCH over the period. (iii) BCH strengthen by 5% w.r.t BTC over the period. (iv) BCH weakness by 5% w.r.t BTC over the period. ****Solution**** Case (I) BTC strengthen by 5% w.r.t BCH over the period. 1BTC = ( 40X1.05)BCH => 1BTC = 42 BCH Case (iii) BTC weakness by 5% w.r.t BCH over the period. 1BTC = (40X0.95) BCH Case (iii) BCH strengthen by 5% w.r.t BTC over the period. (1X1.05) BTC = 40 BCH => 1 BTC = 38.0952 BCH Case (iv) BCH weakness by 5% w.r.t BTC over the period. (1X0.95) BTC = 40 BCH => 1BTC=42.1053 BCH Thank you for reading.
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