Jennifer K. answered 03/22/19
M.S. in Accounting with 6+ Years of Tutoring/Teaching Experience
In this case, we need to set up 2 linear equations and find where they intersect. When X equals # of dimes and Y equals # of nickels, the equations would be:
X + Y = 419 which is the same as X = 419 - Y
$.10X + $.05Y =$33.10
We can then use substitution, addition, or graphing methods to solve for the intersect of the 2 lines. If using substitution it would look as such:
$.10(419 - Y) + $.05Y = $33.10
$41.90 - $.10Y + $.05Y = $33.10
-.05Y = -$8.80
Y = 176
X + 176 = 419
X = 243
Therefore, we have 176 nickels and 243 dimes.