*an international bank issues its traveler credit cards worldwide. when a
customer makes a pu...
Mathematics, 23.09.2019 19:30 meaddestinee
*an international bank issues its traveler credit cards worldwide. when a
customer makes a purchase using a traveler in a currency different from the
customer's home currency, the bank converts the purchase price at the daily
foreign exchange rate and then charges a 4% fee on the converted cost.
*sara lives in the united states, but is on vacation in india. she used her traveler
card for a purchase that cost 745 rupees (indian currency). the bank posted a
charge of $10.50 to her account that included the 4% fee.
*what foreign exchange rate, in indian rupees per one u. s. dollar, did the bank
use for sara's charge? round your answer to the nearest whole number. show
your work!
Answers: 2
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