Michael J. answered 05/14/15
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Assign variables for pennies, dimes, and quarters.
Let number of pennies = x
Let number of dimes = y
Let number of quarters = y + 25
Set up equations for total coins.
x + y + y + 25 = 338
x + 2y = 313 eq1
Set up equation for total amount.
0.01x + 0.10y + 0.25(y + 25) = 24.56
0.01x + 0.10y + 0.25y + 6.25 = 24.56
0.01x + 0.35y = 18.31 eq2
These will be our equations to work with.
x + 2y = 313 eq1
0.01x + 0.35y = 18.31 eq2
Multiply eq1 by 0.01.
0.01x + 0.02y = 3.13 eq1
0.01x + 0.35y = 18.31 eq2
Subtract eq2 from eq1 to eliminate the x terms.
-0.33y = -15.18
y = 46
Substitute this value of y into eq1. This will allow use to solve for x.
x + 2(46) = 313
x + 92 = 313
x = 221
Since the variable x represents the number of pennies, there are 221 pennies.