SOLUTION: A piggy bank has 80 coins of which 20 percent are quarters. What is the least amount of money that could be in the piggy bank?

Algebra ->  Customizable Word Problem Solvers  -> Coins -> SOLUTION: A piggy bank has 80 coins of which 20 percent are quarters. What is the least amount of money that could be in the piggy bank?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 429609: A piggy bank has 80 coins of which 20 percent are quarters. What is the least amount of money that could be in the piggy bank?
Answer by vleith(2983) About Me  (Show Source):
You can put this solution on YOUR website!
You are told that there are 80+%2A+0.20+=+16 quarters. That means there is at least $4 worth of quarters in the bank.
So how many other coins are in the bank? 80+-+16+=+64
And what is the smallest monetary value in a US coin? A penny is worth 1 cent.
So, the smallest amount of money is $4 plus 64 cents. $4.64