ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Gaby has 4 dimes, 3 nickels, and 2 pennies in her pocket. How much money does she have in all?
A
$0.47
B
$0.55
C
$0.67
D
$0.57
Explanation: 

Detailed explanation-1: -There are two answers, and possibly a third. One is by face value: 4 quarters, 3 dimes, 2 nickels, and 2 pennies is $1.42, of which 30 cents are dimes.

Detailed explanation-2: -How many dimes make $2? 10=2 (or more intuitively, 2 dimes are worth $0.20). You need ten times as many, or 20 dimes, to make $2.00. You need ten times as many as that, or 200, to make $20.

Detailed explanation-3: -Answer: Six coins: 3 quarters + 2 dimes + 1 nickel = 1 dollar.

There is 1 question to complete.