Question

A bag contains pennies, nickels, dimes, and quarters. There are 50 coins in all. Of the coins, 16% are pennies and 34% are dimes. There are 6 more nickels than pennies. How much money does the bag contain?

The bag contains how much money?

Answer 1

$2.48

Explanation:

50 coins in all

16% of 50 is 8. (50 x 0.16 = 8)

That means we have 14 Nickels

34% of 50 is 17. (50 x 0.34 = 17)

Multiplying each number by their value (i.e. 14 x 5 for Nickels)

We get 248. We can assume we don't have 248 dollars, and more likely have $2.48 instead.