No. of pennies and nickels are 53 and 29 respectively
Let the number of pennies be x
Let the number of nickels be y
Value of pennies = $0.01x
Value of nickels = $0.05y
It is given that value of pennies and nickels = $1.98
Therefore the equation will be,
0.01x + 0.05y = 1.98
x + 5y = 198------(1)
Also, the number of pennies is five less than twice of nickels
x = 2y - 5
2y - x = 5 -------(2)
Adding equations (1) and (2) we get,
(x + 5y) + (2y - x) = 203
7y = 203
y = 29
Substituting the value of y in equation (1) we get,
x = 53
Therefore, the no. of pennies is 53 and the no. of nickels is 29
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