Esteban has a big jar of change in his room. There are 600 coins in total and 240 of them are pennies. What percent of the coins are pennies?
The fraction [tex]\frac{240}{600}[/tex] represents the number of pennies out of all the coins in the jar. To find what percent of pennies are in the jar, we can turn the fraction [tex]\frac{240}{600}[/tex] into a percent.
We can first simplify the fraction [tex]\frac{240}{600}[/tex] by dividing both the numerator and denominator by the Greatest Common Factor of 240 and 600 using 120.
240 ÷ 100 = 2
600 ÷ 120 = 5
2 ÷ 5 = 0.4
0.4 × 100 = 40%
Therefore, 40% of the coins were pennies.
