Example of word problems involving money, Mathematics

Assignment Help:

Example of Word Problems Involving Money:

A collection of coins consists of nickels, dimes & quarters. The number of quarters is double the number of nickels, and the number of dimes is five more than the number of nickels.  If the total amount of money is $5.05, how many of each kind of coin are in the collection?

Solution:

Step 1. Let x = Number of Nickels

Step 2. Then,

2x = Number of Quarters

x + 5 = Number of Dimes

Step 3. Total Value = (Number of Nickels)(Value of a Nickel) + (Number of Dimes)(Value of a Dime) + (Number of Quarters)(Value of a Quarter)

$5.05 = (x)($0.05) + (x + 5)($0.10) + (2x)($0.25)

 Step 4. Solving for x:

$5.05 = (x)($0.05) + (x + 5)($0.10) + (2x)($0.25)

$5.05 = $0.05x + $0.10x + $0.50 + $0.50x

$5.05 = $0.65x + $0.50

$0.65x = $5.05 - $0.50

$0.65x = $4.55

x = $ 4.55/$0.65

x = 7

Solving for the other unknowns:

2x = 2(7)

2x = 14

x + 5 = 7 + 5

x + 5 = 12

Answers:       

Number of Nickels      = 7

Number of Dimes       = 12

Number of Quarters    = 14

Step 5. The number of quarters is twice the number of nickels.

2(7) = 14

The number of dimes is five more than the number of nickels.

7 + 5 = 12

The total value is $5.05.

7($0.05) + 12($0.10) + 14($0.25) =

$0.35 + $1.20 + $3.50 = $5.05

Thus, the answers check.


Related Discussions:- Example of word problems involving money

Describe adding and subtracting square roots, Describe Adding and Subtracti...

Describe Adding and Subtracting Square Roots? To add or subtract square roots, the radicands must be the same. If the radicands are the same, add/subtract the coefficients (the

Mod(z-25i)<15, Mod(Z-25i)   Sol) mod (Z-25i) means Z lies in the circumfer...

Mod(Z-25i)   Sol) mod (Z-25i) means Z lies in the circumference of the circle with (0,25) at its centre and radius less then 15. so difference in the max and min value of arg Z is

Division of two like terms, Case 1: Suppose we have two terms 8ab and 4ab. ...

Case 1: Suppose we have two terms 8ab and 4ab. On dividing the first by the second we have 8ab/4ab = 2 or 4ab/8ab = (1/2) depending on whether we consider either 8ab or 4ab as the

Determine the probability , A medical survey was conducted in order to esta...

A medical survey was conducted in order to establish the proportion of the population which was infected along with cancer. The results indicated that 40 percent of the population

Trigonometry, Solve the following: Line Bearings Distance a...

Solve the following: Line Bearings Distance a. N 15 E 4km b. S 10 E ? c. N 80 W ?

Arden''s Theorem, Find the Regular Grammar for the following Regular Expres...

Find the Regular Grammar for the following Regular Expression: a(a+b)*(ab*+ba*)b.

Mechanical vibrations, While we first looked at mechanical vibrations we lo...

While we first looked at mechanical vibrations we looked at a particular mass hanging on a spring with the possibility of both a damper or/and external force acting upon the mass.

Liniar Algebra, Assume A and B are symmetric. Explain why the following are...

Assume A and B are symmetric. Explain why the following are symmetric or not. 1) A^2 - B^2 2) (A+B)(A-B) 3) ABA 4) ABAB 5) (A^2)B

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd