What percent of $1.00 is a nickel?
1 nickel = $0.05
$0.05 / $1.00 = 0.05 = 5%
To find the percentage of $1.00 represented by a nickel, we first need to determine the value of a nickel in terms of dollars. Since there are 100 cents in a dollar, and a nickel is worth 5 cents, we can divide 5 by 100 to find the value of a nickel in dollars.
5 cents ÷ 100 = 0.05 dollars
Now, to calculate the percentage, we divide the value of a nickel by $1.00 and multiply by 100 to express it as a percentage.
(0.05 dollars ÷ 1 dollar) × 100 = 5%
Therefore, a nickel represents 5% of $1.00.