bcore: 9/ 120 5/17 answered Question 7 You deposit $4000 in an account earning 7% interest compounded monthly. How much will you
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A nickel is equal to 5 cents or 0.05 dollars.
A quarter is equal to 25 cents or 0.25 dollars.
Let number of nickels be = n
Let number of quarters be = q
...........(1)
As it is given, there are 3 more nickels than quarters so equation becomes,
................(2)
Plug in the value of 'n' from (2) in (1)
=
As we get,
Hence, there are 12 nickels and 9 quarters.