ANSWER: $4.98
Steps for pennies:
1.) 50 * .16 = 8
8 pennies out of 50 coins
2.) 1 cent * 8 = 8 cents
Steps for dimes:
1.) 50 * .40 = 20
20 dimes out of 50 coins
2.) 10 cents * 20 = 200 cents = $2
Steps for nickels:
1.) 8 + 5 = 13
13 nickels out of 50 coins
2.) 5 cents * 13 = 65 cents
Steps for quarters:
1. 8 + 20 + 13 = 41
2. 50 - 41 = 9
3. 9 * .25 = $2.25
FINAL STEP:
8 cents + $2 + 65 cents + $2.25 = $4.98
ANSWER: the bag contained $4.98
*to change a percentage into a decimal move the decimal point 2 places to the left. Ex.) 50% > 50. > .50
50% = .50