The correct change for a $5 bill, with $2 in quarters and the rest in bills, is 0 $20 bills, 0 $10 bills, 0 $5 bills, 3 $1 bills, and 8 quarters. No dimes, nickels, or pennies are required.
Breaking Down Change for a $5 Bill
The customer wants change for a $5 bill with $2 worth of quarters and the rest in bills.
To provide the correct amount of change, we need to calculate how many bills and quarters are needed.
Since $2 worth of quarters equates to 8 quarters (because each quarter is worth $0.25 and $2.00 divided by $0.25 equals 8), the rest of the money from the $5 will be given in bills.
This leaves us with $3 in bills after the $2 in quarters is removed from the $5 bill.
Since we are providing the change in bills for the remaining $3, we would use three $1 bills because there are no larger bill denominations that can be used without exceeding $3.
There is no need for $10, $5, or $20 bills.
Correct Change for the Given Scenario
$20 bills - 0
$10 bills - 0
$5 bills - 0
$1 bills - 3
$0.25 quarters - 8
$0.10 dimes - 0
$0.05 nickels - 0
$0.01 pennies - 0