Reed has 8 more pennies than quarters. He saved 5 times as many pennies as quarters. How much money does he have in all?

Reed has $ 0.60

Step-by-step explanation:

Number of quarters Reed has = x

Number of pennies Reed has = x + 8 (Reed has 8 more pennies than quarters)

We can write the following equation to solve for x, as follows:

x + 8 = 5x (He saved 5 times as many pennies as quarters)

x - 5x = - 8

-4x = - 8

x = - 8/-4

x = 2 ⇒ x + 8 = 10

Reed has 2 quarters and 10 pennies, therefore he saved:

Savings = 2 * 0.25 + 10 * 0.01

Savings = 0.50 + 0.10

Savings = 0.60

Reed has $ 0.60