Solve the Problem. -Michael's Bank Contains Only Nickels, Dimes, and Quarters. There Are

question 88

Multiple Choice

Solve the problem.
-Michael's bank contains only nickels, dimes, and quarters. There are 65 coins in all, valued at $5.35. The number of nickels is 7 short of being three times the sum of the number of dimes and quarters together. How many
Dimes are in the bank?

• A) 8
• B) 47
• C) 15
• D) 10

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Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Par Value

The nominal or face value of a bond, share of stock, or other financial instrument, as stated by the issuing company.

Deductible Expenses

Expenses that can be subtracted from gross income, reducing the amount of income subject to taxation.

Financial Loss

The reduction in an organization's financial wealth, usually from expenses exceeding revenues in a given period.