How to make 1.00 with 96 cents?

Answer 1

There are many countries (or regions) that use cents as their minor currency units. They do not all have the same coinage. For example, the US has a 25 cent coin but not a 20 cent coin whereas the Eurozone has a 20 cent coin but not a 25 cent coin.

Thus, it is necessary to know which country or region the question refers to. But since you have not bothered to share that crucial bit of information, I cannot provide a more useful answer.