To determine the number of bits in three dollars, we need to first convert the dollar amount to cents, as there are 100 cents in a dollar. Three dollars is equal to 300 cents. Next, we need to calculate the number of bits in 300 cents. Since 2^8 (256) is the closest power of 2 to 300, we would need at least 8 bits to represent 300 cents accurately.
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Three of the bits are already determined. That leaves 5 .25 = 32
two bits are in a quarter of a dollar
21 bits.
2 bits equal 25 cents. So 6 bits would be 75 cents.
To convert 313 cents to dollars, you divide by 100 since there are 100 cents in a dollar. Therefore, 313 cents is equal to $3.13.