The value of a currency appreciated by 19.70% of its value last month and then depreciated by 19.70% this month. By what percent did the currency appreciate or depreciate over the 2-month period? Express the answer with a positive sign (for appreciation) or negative sign (for depreciation), rounded to two decimal places

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A: The rate given to us is 8% compounded semiannually and 7.9% compounded daily.

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A: According to question given that Mr Ahmed earns= 750 per monthPay rise=10%

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