How to Compare Money Amounts
When you compare money amounts, the process is quite similar to comparing numbers.
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A Step-by-step Guide to Comparing Money Amounts
Comparing money amounts involves a few simple steps. Let’s walk through them:
Step 1: Understand the Currency Units
The first thing you need to do is understand the units of currency you’re dealing with. In most cases, this will be dollars and cents, with 1 dollar being equal to 100 cents.
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Step 2: Convert All Amounts to the Same Unit
Before you can start comparing, you need to make sure all your amounts are in the same unit. That means you need to convert any amounts in dollars to cents, or vice versa.
To convert dollars to cents, multiply by 100 (since there are 100 cents in a dollar). To convert cents to dollars, divide by 100.
Step 3: Compare the Amounts
Once you have all your amounts in the same unit, you can compare them as you would any other number.
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