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sineoko [7]
2 years ago
10

a courier picks up 1000 small unmarked bills, some $20 bills and some $50 bills. The total value is $41,000. How many of each bi

ll are there?
Business
1 answer:
Vladimir [108]2 years ago
5 0

Answer:

Explanation:

The amount of bills are 1000

Let the number of $20 bills be x

Let the number of $50 bills be y

Using a ratio method, we assume that the ration of the bills are 20:50

Adding both ratios, we have 20 + 50 = 70.

To find x, we have

(20 ÷ 70) × 1000

0.286 x 1000

286 bills

To find y, we have

(50 ÷ 70) × 1000

0.714 x 1000

714 bills

Having calculated the number of bills for $20 and $50, we calculate the value of each bills.

we have, 286 x $20 = $5,720

              714 x $50 = $35,700

Adding these above amounts, we have

$5,720 + $35,700 = $41, 420 which is approximately $41,000.

Cheers.

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