Read About Money: Combinations of Bills & Coins

What is the value of each type of coin? There are four types of US coins: pennies, nickels, dimes, and quarters. Pennies are worth 1 cent. Nickels are worth 5 cents. Dimes are worth 10 cents. Quarters are worth 25 cents.

How much money do I have? You can count on to find the value of a group of coins. You have 3 quarters, 2 nickels, and 4 pennies. Count the quarters: 25, 50, 75. Count the nickels: 80, 85. Count the pennies: 86, 87, 88, 89. You have 89 cents in all.

Using 2 types of coins You want to buy a toy that costs 85 cents. Start with quarters. 3 quarters is 75 cents. You need 10 more cents. A dime is 10 cents. 85 cents is 3 quarters and 1 dime.

Using dollar bills and 2 types of coins A cupcake costs $2.24. $2 is 2 dollar bills. Next, make 24 cents. You cannot use a quarter, since 25 cents is too much. 2 dimes and 4 pennies make 24 cents. $2.24 is 2 dollar bills, 2 dimes, and 4 pennies.

Using dollar bills and 3 or 4 types of coins A pet guinea pig costs $3.42. First take 3 dollar bills. Add 1 quarter to make $3.25. Add 1 dime to make $3.35. Add 1 nickel to make $3.40. Finally add 2 pennies to make $3.42. $3.42 is 3 dollar bills, 1 quarter, 1 dime, 1 nickel, and 2 pennies.