Solve the Problem Using Matrices $\$ 16.05$ How Many of Each Type of Coin Are There

question 126

Multiple Choice

Solve the problem using matrices.
-John has a jarful of quarters and nickels. There are 101 coins in the jar. The value of the coins is $\$ 16.05$ . How many of each type of coin are there?

• A) 55 quarters; 46 nickels
• B) 60 quarters ; 41 nickels
• C) 46 quarters; 55 nickels
• D) 96 quarters; 5 nickels

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Definitions:

Common Stockholders

Individuals or entities that own shares of a company's common stock, giving them voting rights and a share in the company's profits through dividends.

Price-Earnings Ratio

A valuation ratio of a company's current share price compared to its per-share earnings, often used to gauge the valuation of a company's shares.

Profitability

The degree to which a business or activity yields profit or financial gain, typically assessed through ratios such as net profit margin.

Investment by Common Stockholders

The total capital contribution from shareholders who own common stock in a company.