A currency converter displays the exchange rate of 1 USD = 0.090909... JPY. A finance analyst wants the exact fractional form for calculation purposes. What is the correct fraction?
Show answer & explanation
Correct answer: C
Explanation
Given:
1 USD = 0.090909... JPY
By the formula:
0.\overline{09} = 9 / 99
0.090909... = 9 / 99
= 1 / 11