2020 AMC 8 Problems/Problem 8
Ricardo has coins, some of which are pennies (-cent coins) and the rest of which are nickels (-cent coins). He has at least one penny and at least one nickel. What is the difference in cents between the greatest possible and least amounts of money that Ricardo can have?
Clearly, the amount of money Ricardo has will be maximized when he has the maximum number of nickels. Since he must have at least one penny, the greatest number of nickels he can have is , giving a total of cents. Analogously, the amount of money he has will be least when he has the greatest number of pennies; as he must have at least one nickel, the greatest number of pennies he can have is also , giving him a total of cents. Hence the required difference is
Suppose Ricardo has pennies, so then he has nickels. In order to have at least one penny and at least one nickel, we require and , i.e. . The number of cents he has is , so the maximum is and the minimum is , and the difference is therefore
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