[USMA:46920] RE: The Relationship Between Dollars and Cents.

[Stephen Humphreys]

I think the issue is unit name.  That is, a dollar, a cent.  Or a pound, a 
penny.  Different names.  Note that the usual SI prefixes don't get used (m-, 
k-, M-, etc).  Although sometimes the prefix is used in an 'unofficial' 
capacity - eg, "Burger flipper wanted, Ohio - salary $20K".

 


 
> Date: Thu, 11 Mar 2010 20:17:26 -0800
> From: pawil...@pacbell.net
> Subject: [USMA:46918] The Relationship Between Dollars and Cents.
> To: usma@colostate.edu
> 
> 
> Hi:
> 
> The mention about the relationship between dollars and cents got my brain 
> thinking.
> 
> In the discussion about how we "convert" between units of measure, I look at 
> the way we describe prices in dollars and cents. Lets say, we have $9.37. We 
> routinely say "Nine dollars and thirty seven cents". To shorten it simply say 
> "Nine point three seven dollars". In the first example, you take the time to 
> pronounce 8 syllables, but in the second one, you only use 6.
> If you are doing an accounting process with lots of money amounts, it could 
> get done faster with the shorter routine.
> 
> In electricity, say you have 9.37 watts. You say "nine point three seven 
> watts". You would never say "nine watts and thirty seven hundredths", but we 
> do that with money.
> 
> Using the shorter price quotation, people may be better able to understand 
> the relationship between our decimal money system and the SI Metric system.
> 
> ....Parker
> 
> 
                                          
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