Question

If I have 501 pennnies and replace every 2nd penny with a nickel, what is the value?

Answer 1

1501 cents

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Given that we are replacing every 2nd penny with a nickel, it means for our total of 501 pennies, we will replace half of them with nickels.

Half of 501 gives us 250, so we will replace 250 pennies with nickels.

Next, we need to find out how many pennies are remaining after this replacement. As our total number of pennies is an odd number, not all of them can be replaced. After replacing 250 pennies, we have 251 penny left.

Now we will calculate the total value after replacing the pennies with nickels.

Each nickel has a value of 5 cents, so the 250 nickels give us a total value of:

• 250*5 = 1250 cents

The remaining 251 pennies add 251 cent to our total value.

Hence the total value of coins is:

• 1250 + 251 = 1501 cents