*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!