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
Difficulty rating: 980
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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