Here we will show you how to calculate how many pence there are in 550 pounds. (How many 1p in £550?)
Calculating how many pence coins there are in 550 pounds is a two-step process. First, we calculate how many pence there are in one pound. Then, we multiply that result by 550 pounds.
Step 1: There are 100 pence in a pound, therefore we divide 100 by 1 pence to calculate how many pence in a pound:
100 ÷ 1 = 100
Step 2: Now that we know that there are 100 pence per pound, we can multiply 100 by 550 pounds to get our answer:
100 × 550 = 55000
That's it. The answer to "How many pence in 550 pounds?" as calculated above, is displayed below.
550 pounds = 55000 pence
We can confirm that the answer is correct, because 55000 times 1 equals 55000, and 55000 divided by 100 is 550 pounds.
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