Solve This:. Prince Deposit The Following Amount In His School Account. 6 Nickels, 2 Dimes, 15$ 100 Bills 5$ 20 Bills 3 $ Bill Four 10 Bills. What Is The Total Amount In Prince School Account
Solve This: Prince's School Account Deposit
Understanding the Problem
Prince has deposited a mix of coins and bills into his school account. To find the total amount in his account, we need to calculate the value of each type of currency and add them together. The deposit consists of 6 nickels, 2 dimes, 15 $100 bills, 5 $20 bills, 3 $1 bills, and 4 $10 bills.
Calculating the Value of Coins
Let's start by calculating the value of the coins. We have 6 nickels, each worth $0.05. To find the total value of the nickels, we multiply the number of nickels by the value of each nickel:
6 nickels x $0.05/nickel = $0.30
We also have 2 dimes, each worth $0.10. To find the total value of the dimes, we multiply the number of dimes by the value of each dime:
2 dimes x $0.10/dime = $0.20
Calculating the Value of Bills
Now, let's calculate the value of the bills. We have 15 $100 bills, each worth $100. To find the total value of the $100 bills, we multiply the number of $100 bills by the value of each bill:
15 $100 bills x $100/bill = $1,500
We also have 5 $20 bills, each worth $20. To find the total value of the $20 bills, we multiply the number of $20 bills by the value of each bill:
5 $20 bills x $20/bill = $100
We have 3 $1 bills, each worth $1. To find the total value of the $1 bills, we multiply the number of $1 bills by the value of each bill:
3 $1 bills x $1/bill = $3
We also have 4 $10 bills, each worth $10. To find the total value of the $10 bills, we multiply the number of $10 bills by the value of each bill:
4 $10 bills x $10/bill = $40
Finding the Total Amount
Now that we have calculated the value of each type of currency, we can add them together to find the total amount in Prince's school account:
$0.30 (nickels) + $0.20 (dimes) = $0.50 $0.50 + $1,500 ( $100 bills) = $1,500.50 $1,500.50 + $100 ( $20 bills) = $1,600.50 $1,600.50 + $3 ( $1 bills) = $1,603.50 $1,603.50 + $40 ( $10 bills) = $1,643.50
Conclusion
Prince has deposited a total of $1,643.50 into his school account. This amount includes 6 nickels, 2 dimes, 15 $100 bills, 5 $20 bills, 3 $1 bills, and 4 $10 bills.
Key Takeaways
- To find the total amount in Prince's school account, we need to calculate the value of each type of currency and add them together.
- The value of coins is calculated by multiplying the number of coins by the value of each coin.
- The value of bills is calculated by multiplying the number of bills by the value of each bill.
- Adding the values of coins and bills together gives us the total amount in Prince's school account.
Mathematical Operations Used
- Multiplication
- Addition
Real-World Applications
- This problem can be applied to real-life situations where we need to calculate the total value of a mix of coins and bills.
- It can also be used to teach students about the value of different types of currency and how to calculate the total amount.
Common Mistakes
- Forgetting to multiply the number of coins or bills by the value of each coin or bill.
- Not adding the values of coins and bills together to find the total amount.
Tips and Tricks
- Make sure to multiply the number of coins or bills by the value of each coin or bill.
- Add the values of coins and bills together to find the total amount.
- Use a calculator to help with calculations, especially when dealing with large numbers.
Solve This: Prince's School Account Deposit - Q&A
Frequently Asked Questions
We've received many questions about Prince's school account deposit. Here are some of the most frequently asked questions and their answers:
Q: What is the total amount in Prince's school account? A: The total amount in Prince's school account is $1,643.50.
Q: How do I calculate the value of coins? A: To calculate the value of coins, multiply the number of coins by the value of each coin. For example, if you have 6 nickels, each worth $0.05, the total value of the nickels would be 6 x $0.05 = $0.30.
Q: How do I calculate the value of bills? A: To calculate the value of bills, multiply the number of bills by the value of each bill. For example, if you have 15 $100 bills, each worth $100, the total value of the $100 bills would be 15 x $100 = $1,500.
Q: What is the difference between a nickel and a dime? A: A nickel is a coin worth $0.05, while a dime is a coin worth $0.10.
Q: How do I add the values of coins and bills together? A: To add the values of coins and bills together, simply add the total value of the coins to the total value of the bills. For example, if the total value of the coins is $0.50 and the total value of the bills is $1,500, the total amount would be $0.50 + $1,500 = $1,500.50.
Q: Can I use a calculator to help with calculations? A: Yes, you can use a calculator to help with calculations, especially when dealing with large numbers.
Q: What are some common mistakes to avoid when calculating the total amount? A: Some common mistakes to avoid when calculating the total amount include forgetting to multiply the number of coins or bills by the value of each coin or bill, and not adding the values of coins and bills together to find the total amount.
Q: How can I apply this problem to real-life situations? A: This problem can be applied to real-life situations where you need to calculate the total value of a mix of coins and bills. For example, if you're working at a store and need to calculate the total amount of money in a customer's wallet, you can use this problem to help you.
Q: What are some tips and tricks for calculating the total amount? A: Some tips and tricks for calculating the total amount include making sure to multiply the number of coins or bills by the value of each coin or bill, adding the values of coins and bills together to find the total amount, and using a calculator to help with calculations.
Conclusion
We hope this Q&A article has helped you understand the problem of Prince's school account deposit and how to calculate the total amount. Remember to always multiply the number of coins or bills by the value of each coin or bill, and add the values of coins and bills together to find the total amount. If you have any more questions, feel free to ask!