Dollar: Definition, Examples, and Practice Math Problems

Table of Contents

    Money is a core asset in the conduct of our daily affairs. This article covers the concept of dollars in math, examples, and practice questions.

    What Is a Dollar?

    A dollar is a kind of money used in some countries such as the United States and its territories, Canada, Singapore, Jamaica, Namibia, etc., for the primary purpose of buying and selling.

      What Is a Dollar 1

    There are different types of dollars such as:

    • Australian Dollar (AUD)
    • Canadian Dollar (CAD)
    • United States Dollar (USD) 
    • Singapore Dollar (SGD)
    • Jamaican Dollar (JMD), and so on.

    However, the dollar is identifiable by its sign; $.

    How many cents make a dollar?

    There are 100 cents to a dollar. This means $0.01 is equal to one cent. In mathematical representations involving dollars, we always use cents alongside the dollar because:

    • It allows easy use of decimal points because it aligns with the base 10 system since 100 cents is 1 dollar. So, 0.1 dollars can easily be interpreted as 1 cent.
    • It is the universally accepted format for expressing dollars and its remainder.

    Cents may also be called Pennies. 

    How many cents make a dollar 2

    How many coins make a dollar?

    100 cents make a dollar. Here are some other types of coins and their value in dollars: 

    • 20 Nickels make a dollar
    • 10 Dimes make a dollar
    • 4 Quarters make a dollar

    Note: Coins are small metal discs that are used as currency. They have been in existence since as far back as 600 BCE. The coins we use today are made from copper-plated zinc and alloys.

    How many coins make a dollar 3

    Solved Math Tasks: Examples

    Solved math problem 1

    Jimmy has 500 cents, how much does he have in dollars?

    Answer

    We know that 1 dollar to cents is 100 cents, so, 500 cents to dollars is 5 dollars.

    Therefore, Jimmy has 5 dollars.

    Solved math problem 2

    Bertha has 200 nickels, if she wishes to exchange them for quarters, how many quarters would she receive?

    Answer

    We know that 20 nickels make a dollar while 4 quarters make a dollar. 

    This means there are 5 nickels for 1 quarter.  

    Therefore we would divide 200 by 5

     200 ÷ 5=  40

    Thus, 40 quarters is equal to 200 nickels.

    Bertha would receive 40 quarters for 200 nickels.

    Solved math problem 3

    Jane saves $20 and adds 112 dimes, how much does she have in total savings? 

    Answer

    There are 10 dimes in every dollar.

    For 112 dimes, there will be 11 dollars and 2 dimes

    By adding this with her initial savings of $20, we get $31 and 2 dimes.

    Jane would have saved 31 dollars and 20 cents when converted to dollars and cents. In figures, $31.20.

    Dollar: Practice Math Problems

    Dollar: Definition and Examples

    Get ready for math lessons with Brighterly!

    1 / 4

    Eden’s shopping included:

    3 tops for $12 and ¢50 each. 

    4 packs of socks for $3 and ¢75 each.

    2 pairs of trousers for $35 each.

    2 pairs of sneakers for $60 and ¢33 each.

    What is the total amount she spent?

    2 / 4

    Rohn purchased the following items:

    1 club sandwich for $1.50

    2 cans of coke for 8 dimes each

    4 chocolate bars for 3 quarters each

    Find out the total money she spent. (Show your answer in $)

    3 / 4

    Lara bought a laptop that cost $725. She was offered a 10% discount during the sale period. Find out the discounted price

    4 / 4

    Jerry joined piano lessons that charged him $300 per month. Find out the per-day charges that Jerry paid.

     

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    Money worksheets

    For further learning, check out Brighterly’s free worksheets on money

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