Question

A bag contains pennies, nickels, dimes, and quarters. There are 50 coins in all. Of the coins, 16% are pennies and 40% are dimes. There are 2 more nickels than pennies. How much money does the bag contain?

Answer 1

$5.58

Explanation:

The number of pennies is ...

16% × 50 = 8

The number of dimes is ...

40% × 50 = 20

The number of nickels is ...

8 + 2 = 10

The number of quarters is ...

50 -8 -20 -10 = 12

The value of the coins is ...

12×0.25 +20×0.10 +10×0.05 +8×0.01 = 3.00 +2.00 +0.50 +0.08

= 5.58

The bag contains $5.58.