SOLUTION: Jaime has 12 bills in his wallet in $1 and $5 bills. He has twice as many $1 bills as $5 bills. How much money does he have? Write a system of equations that could be used to fi

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Jaime has 12 bills in his wallet in $1 and $5 bills. He has twice as many $1 bills as $5 bills. How much money does he have? Write a system of equations that could be used to fi      Log On

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Question 552472: Jaime has 12 bills in his wallet in $1 and $5 bills. He has twice as many $1 bills as $5 bills. How much money does he have?
Write a system of equations that could be used to find out how much money Jaime has?

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +x+ = number of $5 bills he has
+12+-+x+ = number of $1's he has
given:
+12+-+x+=+2x+
(1) +3x+=+12+
His amount of money is:
(2) +1%2A%28+12+-+x+%29+%2B+5x+