Question

The United States government used to make coins of many different values. For each coin, state its worth as a percentage of $1.

a) 12 cent:
b) 3 cents:
c) 20 cents:
d) $2.12:
e) $5:

Answer 1

Coin values as a percentage of $1 are 12% for 12 cents, 3% for 3 cents, 20% for 20 cents, 212% for $2.12, and 500% for $5.

Step-by-step explanation:

In the United States, various coins hold distinct values relative to the dollar. The quarter, worth 25 cents, represents 25% of a dollar. Similarly, the dime, valued at 10 cents, accounts for 10% of a dollar. Nickels, with a value of 5 cents, correspond to 5% of a dollar.

Pennies, the smallest denomination at 1 cent, make up 1% of a dollar. Each coin embodies a fraction of the whole, collectively forming the currency system. This diversity in denominations not only facilitates transactions but also reflects the intricate monetary structure designed to accommodate various economic needs and everyday transactions.

To find the worth of each coin as a percentage of $1, we divide the value of the coin by the value of a dollar (which is 100 cents) and then multiply by 100 to get the percentage.

• a) 12 cents: 12% because (12/100) * 100 = 12%
• b) 3 cents: 3% because (3/100) * 100 = 3%
• c) 20 cents: 20% because (20/100) * 100 = 20%
• d) $2.12: 212% because (212/100) * 100 = 212%
• e) $5: 500% because (500/100) * 100 = 500%