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

Explanation:

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

Item Cost Currency Plane ticket =
`3,241.77\pounds=(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=(398.26)/(5.3841)=\$73.9696513809\approx\$73.97`

Car rental =
`644.48\pounds=(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`