Step 1:

There are 100 pennies in one dollar. 

Step 2:

To convert dollars to pennies: 
\[700,000 \text { dollars} \times 100 \text { pennies/dollar} = 70,000,000 \text { pennies} \]

Step 3:

Therefore, 700,000 dollars is equal to 70,000,000 pennies.

Supplemental Knowledge:

To convert dollars to pennies, you need to know the conversion factor: 
1 dollar = 100 pennies.

From Concepts to Reality:

Understanding currency conversion is invaluable in various financial settings, from budgeting and accounting, to everyday transactions and large sums of money management plans. Knowing how to convert between units of currency ensures accuracy and clarity for success in managing large sums or making comprehensive plans.

Need more help with conversions or other mathematical calculations? UpStudy’s Ratios Calculator makes it easy to switch between different units! With UpStudy’s tools and expert guidance, mastering conversions becomes simple and intuitive. Explore our calculators today to enhance your learning experience!