2001 AMC 8 Problem 10

Attempt Problem 10 of the 2001 AMC 8 below, then check your answer against the professionally curated solution from LIVE by Po-Shen Loh. You can also try the full timed exam, view all 2001 AMC 8 solutions, or check the answer key.

All problems are used with official legal permission of the Mathematical Association of America (MAA).

10.

A collector offers to buy state quarters for 2000%2000\% of their face value. At that rate how much will Bryden get for his four state quarters?
$20\$20
$50\$50
$200\$200
$500\$500
$2000\$2000
Answer: A
Concepts:percentagemoney
Small hint:
Four quarters have face value $1\$1
Big hint:
2000%2000\% means 2020 times face value
Solution:
Four state quarters have face value $1\$1.
Since 2000%=202000\%=20, the collector pays 2020 times face value, or $20\$20.
Thus, A is the correct answer.
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