The change machine at an arcade gives change in the form of 25-cent coins (quarters) and one-dollar bills. The manager of the arcade would like at least $50 worth of quarters and $100 worth of one-dollar bills in the machine at all times. Also, the manager does not allow more than $500 in the machine at any time. What is the maximum number of quarters the manager would allow in the change machine?Choose 1 answer:(A) 200(B) 400(C) 1,600(D) 2,000
Q. The change machine at an arcade gives change in the form of 25-cent coins (quarters) and one-dollar bills. The manager of the arcade would like at least $50 worth of quarters and $100 worth of one-dollar bills in the machine at all times. Also, the manager does not allow more than $500 in the machine at any time. What is the maximum number of quarters the manager would allow in the change machine?Choose 1 answer:(A) 200(B) 400(C) 1,600(D) 2,000
Convert to Coins/Bills: Convert the minimum dollar amounts required in quarters and one-dollar bills to the number of coins and bills.$50 worth of quarters is equivalent to $50/$0.25 per quarter = 200 quarters.$100 worth of one-dollar bills is equivalent to 100 one-dollar bills.
Calculate Total Minimum: Calculate the total minimum amount of money required in the machine.The total minimum amount is $50 (in quarters) + $100 (in one-dollar bills) = $150.
Determine Maximum Amount: Determine the maximum amount of money allowed in the machine. The manager does not allow more than $500 in the machine at any time.
Calculate Maximum in Quarters: Calculate the maximum amount of money that can be in quarters.Since the machine can have a maximum of $500 and there must be at least $100 in one-dollar bills, the maximum amount in quarters is $500−$100=$400.
Convert to Quarters: Convert the maximum dollar amount in quarters to the number of quarters.$400 worth of quarters is equivalent to $400/$0.25 per quarter = 1600 quarters.