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viktelen [127]
3 years ago
5

An international bank issues its Traveler credit cards worldwide. When a customer makes a purchase using a Traveler

SAT
1 answer:
EastWind [94]3 years ago
4 0

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:

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