ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If I have 7 dimes, 7 pennies, and 2 nickels, how much money do I have?
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.77 cents
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$1.00
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.95 cents
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.87 cents
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Explanation:
Detailed explanation-1: -As 10 cents form a dime, and 1 nickel equals 5 cents, we can say that 2 nickels make up a dime.
Detailed explanation-2: -The dime is the United States’ 10-cent coin. The person on the obverse (heads) of the dime is Franklin D.
Detailed explanation-3: -A nickel is worth 5 cents, and a dime is worth 10 cents. So, one dime is worth the same as two nickels.
Detailed explanation-4: -Converting between coins involves finding a coin or group of coins that have the same value in cents. A dime is worth 10 cents and is equal to 2 nickels or 10 pennies. A penny is worth 1 cent. Five pennies have the same value as 1 nickel.
There is 1 question to complete.