Answer:
Correct option is: A--63
Cost of the item =602 INR
Conversion fee =4%
Total bank charges =9.88 USD
The bank charges includes conversion rate and 4% conversion fee.
Let the conversion rate (in USD) be x.
∴9.88=x+0.04x
∴x=
1.04
9.88
=9.5 USD
The cost paid by the customer is INR 602 and its value in USD is 9.5.
Hence, the conversion rate is =
9.5
602
=63.36
Therefore, we can say that 1 USD =63 INR
Explanation:
Answer:
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