The formula to calculate the Dollar Amount (D) is:
\[ D = \frac{P}{100} \]
Where:
Pennies to Dollars is a concept that refers to the accumulation of a small amount of money over time that eventually adds up to a larger sum. This can be seen in various financial strategies such as saving, investing, or fundraising. For instance, if you save a penny a day, it may seem insignificant at first, but over a year, it adds up to dollars. Similarly, in investing, small regular investments can grow significantly over time due to the power of compound interest. In fundraising, if many people donate a small amount, it can accumulate to a substantial sum. The idea behind Pennies to Dollars is to highlight the potential of small, consistent contributions over time.
Let's assume the following value:
Using the formula to calculate the Dollar Amount (D):
\[ D = \frac{P}{100} = \frac{1500}{100} = 15 \text{ dollars} \]
The Dollar Amount (D) is $15.