More money! 1

[chiph]

OK, here's another money-related question (everyone's favorite topic!).

How many ways can you make change for a dollar?

The basic thing to know is that there are 100 pennies to the dollar (kudos to Ben Franklin for decimalization of the currency). For those not from the US, here's our coinage system:

1 penny == 1/100 dollar (also called a cent)
1 nickel == 1/20 dollar, or 5 cents
1 dime == 1/10 dollar, or 10 cents
1 quarter == 1/4 dollar, or 25 cents
1 half-dollar == 1/2 dollar, or 50 cents
1 dollar coin == 1/1 dollar, or 100 cents.

I make no excuses for our coinage names. It gets worse when you actually handle the coins, as the dime is physically smaller than the nickel, despite being worth more -- a perfect example of a legacy system. Hopefully people's answers will be legacy-free!

Chip H.


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If you want to get the best response to a question, please read FAQ222-2244 first

 

[mmerlinn]

High grade copper as of 15 minutes ago was trading on the COMEX (Chicago) at $3.72 per pound.

This compares with $4.16 on the 11th of this month, $2.18 on March 1st of this year, and $0.60 on November 1st, 2001.


mmerlinn

"Political correctness is the BADGE of a COWARD!"

 

[ChrisHunt]

before that, the "old penny" was worth about 2.5 new pennies

Errr... no it wasn't. You're thinking of the old sixpence, which was worth exactly 2.5 new pence. There were 240 old pennies to the pound, instead of 100p, so 1d = 5/12p

-- Chris Hunt
Webmaster & Tragedian
Extra Connections Ltd

 

[Mike Lewis]

Chris,

You know ... I woke up in the middle of the night, and realised I had got it the wrong way round. I meant to say that the new penny was worth about 2.5 old pennies. I meant to post a correction this morning, but you got there before me.

Mike


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Mike Lewis (Edinburgh, Scotland)

My Visual FoxPro site: www.ml-consult.co.uk