Erik buys a coloring book costing $2.56. He gives the cashier $5.00. The cashier gives him his change using the least number of coins and bills possible. How many of each coin or bill does he receive?
one-dollar bills
quarters
dimes
nickels
pennies
Erik buys a coloring book costing $2.56. He gives the cashier $5.00. The cashier gives him his change using the least number of coins and bills possible. How many of each coin or bill does he receive? one-dollar bills quarters dimes nickels pennies
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Erik’s total change after buying the coloring book can be calculated by subtracting the cost from the amount he gave to the cashier.
1. Calculate the change:
Change = Amount given – Cost of coloring book
Change = $5.00 – $2.56 = $2.44
2. Determine the least number of coins and bills:
– Start with $2 bill = 1 x $2.00
– Remainder = $2.44 – $2.00 = $0.44
– Next, use quarters (25 cents):
– 1 x 25¢ = $0.25
– Remainder = $0.44 – $0.25 = $0.19
– Then use dimes (10 cents):
– 1 x 10¢ = $0.10
– Remainder = $0.19 – $0.10 = $0.09
– Next, use a nickel (5 cents):
– 1 x 5¢ = $0.05
– Remainder = $0.09 – $0.05 = $0.04
– Finally, use pennies (1 cent):
– 4 x 1¢ = $0.04
3. Total breakdown of change received:
– One-dollar bills: 0