Solve problems about different denominations of Money

Solve problems about different denominations of Money

 

These problems are very similar to the simple interest problems

 

PROBLEM-SOLVING HINT

 

In problems involving money, use the fact that

Denomination × number of monetary units of the same kind = total monetary value.

 

For example, 30 dimes have a monetary value of .10(30) 53.

Fifteen five-dollar bills have a value of 5(15) 575.

 

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