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One day, he takes out a microloan for $100. He opens a fruit stand that sells apples for 50 cents each. He sells around 20 a day, so now he’s earning $10. Success! But then the bank starts giving loans to lots of other people in the village, too. Suddenly everyone is selling apples, and Joey has to sell his for 25 cents each to compete.
Today, most Americans would refer to fractions of a cent rather than mills, a term that is widely unknown. For example, a gasoline price of $3.019 per gallon, if pronounced in full, would be "three dollars [and] one and nine-tenths cents" or "three <point> zero-one-nine dollars".
As for LGBTQ+ pay gap by gender, LGBTQ+ men earn 96 cents for every dollar the typical worker earns while LGBTQ+ women earn 87 cents. In comparing the pay gap among different races of LGBTQ+ women, Whites earn 96 cents for every dollar, Blacks earn 85 cents, Native Americans earn 75 cents, and Latinos earn 72 cents. [39]
A bit is an antiquated term equal to one eighth of a dollar or 12 + 1 ⁄ 2 cents, after the Spanish 8-Real "piece of eight" coin on which the U.S. dollar was initially based. So "two bits" is twenty-five cents; similarly, "four bits" is fifty cents. More rare are "six bits" (75 cents) and "eight bits" meaning a dollar.
Banknote for "Twelve and a Half Cents" = $ 1 ⁄ 8, Alabama, 1838. In the US, the bit is equal to 12 + 1 ⁄ 2 ¢, a designation which dates from the colonial period, when the most common unit of currency used was the Spanish dollar, also known as "piece of eight", which was worth 8 Spanish silver reales. $ 1 ⁄ 8 or 1 silver real was 1 "bit ...
If the return in 2015 was 10% in Singapore dollars, and the Singapore dollar rose by 5% against the US dollar over 2015, then so long as there were no flows in 2015, the return over 2015 in US dollars is: 1.1 x 1.05 − 1 = 15.5%. The return between the beginning of 2015 and the end of January 2016 in US dollars is: 1.155 x 1.07 − 1 = 23.585%
Cent amounts from 1 to 99 can be represented as one or two digits followed by the appropriate abbreviation (2¢, 5c, 75¢, 99c), or as a subdivision of the base unit ($0.75, €0.99). In some countries, longer abbreviations like "ct." are used. Languages that use other alphabets have their own abbreviations and conventions.
Krispy Kreme is selling a dozen doughnuts for 87 cents to celebrate its 87th year in business, but the offer is for one day only: Friday, July 12, 2024.