Question

Penny is planning a trip to Egypt. She has mapped out the expected costs of some different components of her trip, and has compiled them below, including whether the cost is in US dollars ($) or Egyptian pounds (£). Item Cost Currency Plane ticket 3,241.77 £ Passport 65.00 $ Tour guide 494.25 £ International phone card 41.38 $ Hotel reservation 398.26 £ Car rental 644.48 £ If the exchange rate of the US dollar to Egyptian pound is 1:5.3841, how much has Penny currently budgeted for her trip, in US dollars? Round all currencies to two decimal places.

Answer 1

She has budgeted $999.95

Answer 2

Answer: $993.95

Step-by-step explanation:

Given: Exchange rate of the US dollar to Egyptian pound is 1:5.3841

Item Cost Currency Plane ticket =$3,241.77\pounds=\frac{3,241.77}{5.3841}= \ 602.100629632\approx\ 602.10$

Passport =  $65.00

Tour guide =$494.25\pounds=\ 91.7980721012\approx\ 91.80$

International phone card = $41.38

Hotel reservation = $398.26\pounds=\frac{398.26}{5.3841}=\ 73.9696513809\approx\ 73.97$

Car rental = $644.48\pounds=\frac{644.48}{5.3841}= \ 119.700599915=\ 119.70$

Therefore, the total budgeted for her trip, in US dollars=$602.10+91.80+41.38 +73.97+119.70+65$

$=\ 993.95$