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Answer: The parliament is likely to allocate £ 1,23,93,800.62
We arrive at the answer as follows:
Amount allocated by President Obama $100,000,000
Amount England wants to contribute 20% of President Obama's allocation
Amount England wants to contribute in USD =
Exchange Rate $1. 61371/1 pound sterling
We can read the problem as if $1.61371 is equal to 1 pound sterling, how many pound sterlings are equal to $2,00,00,000?
Let number of pound sterlings be x
So,