Question

A bag contains 55 coins of $1 and ¢50 denominations. Find the number of coins of each denomination, if the total amount in the bag is $40.

Answer 1

Number of $1 coins are 25 and number of 50 cent coins are 30.

Explanation:

Let's set up the equations.

Let there are x number of $1 coins

There are y number of 50 cent coins

So, x+y =55

1 x+0.50 y =40

Solve the equations for x and y.

Solve the first equation for y.

y=55-x

Substitute y as 55-x into the second equation.

1 x+0.50(55-x)=40

Solve the equation for 'x'.

Distribute the 0.50 to get rid the ( ).

1 x+27.5-0.50 x= 40

Combine like terms

0.50 x +27.5=40

Subtract both sides 27.5

0.50 x =12.5

Divide both sides by 0.50

x=25

Now, plug in x as 25

y=55-25

y=30

So, number of $1 coins are 25 and number of 50 cent coins are 30.