A learner understands that one monetary amount can be represented equivalently with different combinations of dollars, quarters, dimes, nickels, and pennies, or as cents and decimal dollars to the hundredths place. This reasoning relies on the equivalence of 100 cents and 1 dollar and on place value, including that the digits after the decimal represent tenths and hundredths of a dollar, not separate whole numbers; it does not extend to thousandths, rates, or algebraic generalizations.
The same money amount can be shown with coins, cents, or decimal dollars. Remember:
Example: Represent dollar and cents in different ways.
Write it as decimal dollars:
dollar and cents is 1.37$.
Write it as cents:
Since dollar equals cents,
So the amount is cents.
Show it with coins:
One possible combination is:
Its value is
So these all represent the same amount:
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