Write a statement that defines the variable denominations, and associates it with a list consisting of the following six elements: 1, 5, 10, 25, 50, 100, in that order.

denominations = [1, 5, 10, 25, 50, 100]

Explanation:

In python, a list can be defined by placing the elements of list in square brackets. The syntax is given below

Syntax: some_variable_name = [elements]

The elements of the list can be of any type e. g integers, char, strings or a combination of them.

Examples:

A list of integers

integers = [1, 2, 3, 4, 5]

A list of char

char = ['P', 'Q', 'R']

A list of mixed elements

mixed = [1, 2, 'P', 'Q', "Hello"]

Solution:

To create a list named denominations with elements 1, 5, 10, 25, 50, 100

denominations = [1, 5, 10, 25, 50, 100]

print (denominations) returns [1, 5, 10, 25, 50, 100]

To access any element at specific index

print (denominations[0]) returns the value 1

print (denominations[2]) returns the value 10