USPS VEA 474 475 476 477 (Register) 1

Question 1

Determine the simplest way to make this quantity of change using the least amount of notes and coins. 
How many $5 bills do you think you'd need?

$16.67

Accepted Answer

1

Answer

To make $16.67 with the fewest bills, you would first use a $10 bill, leaving $6.67. To cover the remaining whole dollar amount of $6, you would then need one $5 bill. The remaining $1.67 would be covered by a $1 bill and coins.

Question 2

Determine the simplest way to make this quantity of change using the least amount of notes and coins. 
How many $20 bills do you think you'd need?

$59.98

Accepted Answer

2

Answer

To make $59.98 with the fewest bills, you should use the largest denominations possible without exceeding the total. Two $20 bills total $40, which is the maximum number of $20 bills you can use while still having enough remaining for other denominations to reach $59.98. Using three $20 bills would exceed the total amount.

Question 3

Determine the simplest way to make this quantity of change using the least amount of notes and coins. 
How many pennies do you think you'd need?

$18.04

Accepted Answer

4

Answer

To make $18.04 with the fewest coins, you focus on the cents portion, which is $0.04. Since a penny is $0.01, you would need exactly four pennies to make up $0.04. No other coin combination can achieve this amount with fewer coins.

Question 4

Determine the simplest way to make this quantity of change using the least amount of notes and coins. 
How many $10 bills do you think you'd need?

$21.47

Accepted Answer

0

Answer

To make $21.47 with the fewest bills, you start with the largest denomination. You would use one $20 bill, leaving $1.47. Since the remaining amount is less than $10, no $10 bills are needed for this transaction.

Question 5

Determine the simplest way to make this quantity of change using the least amount of notes and coins. 
How many $10 bills do you think you'd need?

$34.97

Accepted Answer

1

Answer

To make $34.97 with the fewest bills, you would first use one $20 bill, leaving $14.97. To cover the remaining $10, you would then need one $10 bill. The remaining $4.97 would be covered by $1 bills and coins.

USPS VEA 474 475 476 477 Practice Test

USPS VEA 474 475 476 477 Practice Test

USPS VEA 474 475 476 477 (Register) 1