Making change

Consider the classic problem: How many ways can one make change for one dollar using half-dollars, quarters, dimes, nickels, and pennies? Or more generally, how many ways can one make change for a given amount using arbitrary (positive integer) denominations?

This post chronicles a series of incremental improvements to solutions to this problem. In the first section, we attack the problem with dynamic programming in Python, and we’re able to count the ways to change quite large amounts of money (eventually up to about $100M for the given set of five coins). The second section explores a nice method for deriving closed form solutions, due to Lee Newberg, and the third is a synthesis of the previous two, automating the closed form derivation in the general setting.

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