Final answer:
By setting up simultaneous equations and solving algebraically, we have calculated that Frank has 32 nickels and 8 dimes, which gives him a total of 40 coins and equals $2.40 in value.
Step-by-step explanation:
Calculating Quantity of Nickels and Dimes
Let's solve this problem using algebra. We have two types of coins - nickels (5 cents each) and dimes (10 cents each) - and we need to find out how many of each Frank has. Let's denote the number of nickels as N and the number of dimes as D. The total amount of money in dollars is $2.40, which translates to 240 cents. We also know the total number of coins, which is 40.
So, we have two equations based on the given information:
- N + D = 40 (total number of coins)
- 5N + 10D = 240 (total value of coins in cents)
Now, let's solve these equations simultaneously. From equation 1:
N = 40 - D
Substitute the value of N from equation 1 into equation 2:
5(40 - D) + 10D = 240
200 - 5D + 10D = 240
5D = 240 - 200
5D = 40
D = 40 / 5
D = 8
Therefore, we have 8 dimes.
Now, plug the value of D back into equation 1 to find N:
N = 40 - 8
N = 32
So, Frank has 32 nickels and 8 dimes.
The correct answer is 32 nickels and 8 dimes.