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Step 1:: Recall the conversion rate between pennies and dollars.
There are 100 pennies in 1 dollar.
Step 2:: Set up a proportion to find the equivalent value in dollars for 30,000 pennies.
\frac{30,000 \text{ pennies}}{1 \text{ dollar}} = \frac{x \text{ pennies}}{100 \text{ pennies}}
Step 3:: Solve for x, the equivalent value in dollars.
x = \frac{30,000 \text{ pennies} \times 100 \text{ pennies}}{1 \text{ dollar}}
Cross-multiply and divide:
Step 4:: Simplify the expression.
x = 30,000 \times 100
x = 3,000,000
Final Answer
There are 3,000,000 pennies in 30,000 dollars.
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