Answer :
There are $85.50 will they receive if the current exchange rate is 1 U.S. dollar to 112 Nepalese rupees.
What is convertibility of rupee?
Convertibility is the simplicity with which a national currency can be changed into gold or another asset through international exchanges. The rupee is a partially convertible currency in India; while smaller amounts can be exchanged at market rates, larger ones require permission.
Given:
Your friend just returned to the United States from their trip to Nepal and wants to exchange their 9,576 Nepalese rupees for U.S. dollars.
Since,
1 U.S dollar = 112 Nepalese rupees
Suppose x be the U.S dollars for 9576 Nepalese rupees.
So,
x = 9576/112 = 85.5
Hence, there are $85.50 will they receive if the current exchange rate is 1 U.S. dollar to 112 Nepalese rupees.
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