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.
