Logan buys a swimming cap costing $2.63. 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
Logan buys a swimming cap costing $2.63. 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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To find out how much change Logan receives, we first subtract the cost of the swimming cap from the amount he paid:
1. Cost of swimming cap: $2.63
2. Amount given: $5.00
Change received:
$5.00 – $2.63 = $2.37
Now, we need to give Logan this amount using the least number of coins and bills possible.
1. One-dollar bills: He can receive 2 one-dollar bills (2 x $1.00 = $2.00).
2. Remaining change: $2.37 – $2.00 = $0.37
3. Quarters: Next, we can give him 1 quarter (1 x $0.25 = $0.25).
4. Remaining change: $0.37 – $0.25 = $0.12
5. Dimes: Then, he can receive 1 dime (1 x $0.10 = $0.10).
6. Remaining change: $0.12 – $0.10 = $0.02
7. Nickels: There are no nickels needed since he has 2 cents left, so we move to pennies.
8. Pennies: He gets 2 pennies (2 x $0.01 = $0.02).
**Final breakdown of change received