1. **State the problem:** We have two types of coins: $5 coins and 20¢ coins. The total number of coins is 20, and the total value is 37.6 (dollars). We need to find the number of each type of coin.
2. **Define variables:** Let $x$ be the number of $5 coins and $y$ be the number of 20¢ coins.
3. **Write equations based on the problem:**
- Total coins: $$x + y = 20$$
- Total value: $$5x + 0.20y = 37.6$$
4. **Solve the system of equations:**
From the first equation, express $y$ in terms of $x$:
$$y = 20 - x$$
Substitute into the second equation:
$$5x + 0.20(20 - x) = 37.6$$
5. **Simplify and solve for $x$:**
$$5x + 4 - 0.20x = 37.6$$
$$5x - 0.20x = 37.6 - 4$$
$$4.8x = 33.6$$
Divide both sides by 4.8:
$$\frac{\cancel{4.8}x}{\cancel{4.8}} = \frac{33.6}{4.8}$$
$$x = 7$$
6. **Find $y$:**
$$y = 20 - 7 = 13$$
7. **Answer:** There are 7 coins of $5 and 13 coins of 20¢.
Coin Count 392634
Step-by-step solutions with LaTeX - clean, fast, and student-friendly.