AMC 10 · 2004 · #15

Easy mode Grade 4
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Problem

Patty has 2020 coins. Some are nickels (worth 55 cents each) and the rest are dimes (worth 1010 cents each). Suppose you turned every nickel into a dime and every dime into a nickel. Then she would have 7070 cents more than she has now. How much is all her money worth right now?

Pick an answer.

(A)
$\textdollar 1.15$
(B)
$\textdollar 1.20$
(C)
$\textdollar 1.25$
(D)
$\textdollar 1.30$
(E)
$\textdollar 1.35$

AMC 10 2004 problem © Mathematical Association of America (MAA AMC). Reproduced for educational use.

Try it yourself first — the explanation is most useful after you’ve attempted it.