We have the equation of motion , where s is the displacement, a is the acceleration, u is the initial velocity and t is the time taken.
Here s = 300 m, u = 0 m/s, a = 9.81
Substituting
Now we have v = u+at, where v is the final velocity
Here u = 0 m/s, a= 9.81 and t = 7.82 seconds
Substituting
v = 0+9.8*7.82 = 76.68 m/s
The speed with which the penny strikes the ground = 76.68 m/s.