To get the answer for this, draw first a tree diagram.
1 x £1
1 x £0.50
1 x £0.20
1 x £0.10
1 x £0.05
1 x £0.02
1 x £0.01
= £1.88
so probability of taking out a 20p coin is 1/7 for the first attempt.
But if you have more than one attempt, still make a tree diagram so you can easily see the probabilities.