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Coin sums

Problem 31

Published on Friday, 22nd November 2002, 06:00 pm; Solved by 52235; Difficulty rating: 5%

In England the currency is made up of pound, £, and pence, p, and there are eight coins in general circulation:

1p, 2p, 5p, 10p, 20p, 50p, £1 (100p) and £2 (200p).

It is possible to make £2 in the following way:

1×£1 + 1×50p + 2×20p + 1×5p + 1×2p + 3×1p

How many different ways can £2 be made using any number of coins?