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Paper was ok but very lenghty. Goodluck for f9 guys!
Bro if you have the RAISE TO THE POWER OF option on ur simple calc then do this:
e.g cube root?
step one: 1/3
step two: solve the equation till u need to take the root.
step three: type the answer and press RAISE TO THE POWER OF button on ur calc and type the decimal answer of 1/3.
step four: press ANS .
otherwise i do not think u have an option.
tc:-)
My dear sister , i suggest you the last f9 lecture and hopefully that would really help.
Actually in real world there are alot many things affecting the exchange rates but if keep all other things constant except inflation then theres exchange rate parity theory . whereas if u keep all things constant except the interest rates then the effect on exchange rates is wht we call interest rate parity theory. I dont think the question WHY is in our f9 syllabus, but still, Mr:john’s reply would be the final one.
hope it helped a little:-)
Bro aside from what our respected Mr:john answers, i would suggest that you check whether this arithmatic method of yours gives the same answer as the formula method, and if it does, congrats:-) you wont need a scientific calc then:-)
