The conversion from pennies to dollars in details:
1. Understanding Pennies and Dollars:
- 1 penny = 1 cent (or $0.01)
- 1 dollar = 100 cents
So, to convert pennies to dollars, you need to know how many cents are in a dollar. Since there are 100 pennies in 1 dollar, you can think of this as:
1 dollar=100 pennies
2. Converting Pennies to Dollars:
- The problem gives us 30,000 pennies.
- To convert 30,000 pennies to dollars, you divide by 100 (because 1 dollar = 100 pennies).
So, the math works out like this:
30,000 pennies100=300 dollars
3. Conclusion:
- 30,000 pennies is equivalent to $300.
4. Example in Practice:
If you were to physically have 30,000 pennies, you could stack them into rolls of 50 pennies each (since each roll contains $0.50). This would give you:
30,000 pennies÷50 pennies per roll=600 rolls
Each of these 600 rolls would contain 50 pennies (or $0.50). Therefore, the total amount would still add up to $300.
This breakdown shows how the conversion works in detail, with both the mathematical and real-world implications of counting pennies and dollars.