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.
a.
$895.25
b.
$993.95
c.
$1,001.63
d.
$1,468.01


Please select the best answer from the choices provided

A
B
C
D

Answer 1

First convert the Egyptian-pound items to US dollars (1 USD = 5.3841 EGP):

- Pounds total = 3,241.77 + 494.25 + 398.26 + 644.48 = 4,778.76 £
- Convert to USD: 4,778.76 ÷ 5.3841 ≈ 887.57 USD (rounded to two decimals)

Add the USD items: 887.57 + 65.00 + 41.38 = 993.95 USD

Best answer: B.