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 ($) or Egyptian pounds (£).ItemCostCurrencyPlane ticket3,241.77£Passport65.00$Tour guide494.25£International phone card41.38$Hotel reservation398.26£Car rental644.48£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.
First add the costs listed in Egyptian pounds: £3,241.77 + £494.25 + £398.26 + £644.48 = £4,778.76. Since 1 US dollar equals £5.3841, convert that amount to dollars: £4,778.76 ÷ 5.3841 ≈ $887.57. Add the costs already listed in dollars, $65.00 + $41.38 = $106.38, for a total of $993.95, which is choice B.
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