Tom is exchanging money for his trip to India. The exchange rate of US dollars to Indian rupees is 1:45.897. Tom needs 11,550 rupees. The currency exchange service he is using charges a fee of 7.25% after the exchange is made. How many US dollars will it cost Tom to get the rupees he wants?

Respuesta :

Answer:

D. $270

Explanation:

$271 cost to Tom to get the rupees, tom wants in exchange of the money for the trip to India as exchange rate of US dollars to Indian rupees is 1:45.897.

What is exchange rate?

The value of currency or the money used in one country and the money which is used in other country , the difference amount is called exchange rate.

When countries use gold or another agreed-upon standard, the exchange rate is "fixed," and each currency is worth a specific amount of the metal or other standard.

When supply and demand or speculation determine the value of an exchange rate, it is said to be "floating."

Thus, $271 costs tom to get the rupees.

For further details about exchange rate click here:

https://brainly.com/question/27275614

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