Applied Mathematics is a way to use math to solve problems in the real world, like in economics, engineering, and medicine. 

The objective is to determine how many ways there are to make change for a given amount of money using the following 5 coins: pennies, nickels, dimes, quarters, and half-dollars.

Have you ever wondered how many different ways you can make change for a given amount of money? In this project, you'll use a computer program to figure out how many ways there are to make change for $10,000 using pennies, nickels, dimes, quarters, and half-dollars.

Project Title: Got Change for $10,000? A Mathematical Analysis

Objectives/Goals

The objective is to determine how many ways there are to make change for a given
amount of money
using the following 5 coins: pennies, nickels, dimes, quarters, and
half-dollars.

Methods/Materials

A Fortran program was written to determine the number of ways to make change for
various amounts of
money using the 5 U.S. coins by finding the maximum number of each coin needed,
then testing all
possible combinations and seeing if they matched the desired amount. This
program ran very slowly.
Patterns in the numbers of solutions were searched for and found, and a new
program, based on the
patterns, was written. It was verified that the results of the new (fast)
program agreed with the old (slow)
program. The reason why the algorithm works was found.

Results

The differences between the numbers of solutions in the 5 coin problem for
amounts differing by $0.05
are the same as the number of solutions for the larger amount in the 4 coin
problem. For example: In the
5 coin problems, there are 9 solutions for $0.20 and 13 solutions for $0.25, and
there are
13-9=4 solutions for $0.25 in the 4 coin problem. The differences in the 4 coin
problem are similarly
related to the 3 coin problem solutions. A simple formula was found for
computing the number of
solutions for the 3 coin problem.

Conclusions/Discussion

An efficient algorithm was found that determined the number of solutions for the
original 5 coin problem
by relating it to the simpler 4 coin problem, and then to the even simpler 3
coin problem. For $5.00, the
new program ran over 26,000 times faster than the original program and even
faster for larger amounts.
The number of solutions grows very quickly as the amount of money increases. For
$1.00 there are 292
solutions, for $5.00 there are 59,576 solutions, and for $10,000 there are
666,794,085,020,860,416
solutions. This last number was computed in less than an hour using the new
algorithm.

Summary Statement

The five coin problem (e.g., how many different ways can you make change for
$5.00 using only the five
U.S. coins) was investigated and a highly efficient algorithm was discovered.

Help Received

Father helped with Fortran programming and suggested looking for patterns in the
data. Mother helped with the display board.

Counting Change: A Mathematical Analysis

How many ways there are to make change for a given amount of money using pennies, nickels, dimes, quarters, and half-dollars.

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Math is all about numbers, patterns, and solving problems. Computer science is about using math and technology to create computer programs and solve real-world problems. Together, they help us understand how things work, how to solve problems, and how to use technology to make our lives better!

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Counting Change: A Mathematical Analysis

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