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Question 658415: Rochelle is a cashier in a bank. She has bills of denomination in pesos: 1,000, 500, and 100 respectively. The ratio of the number of these bills is 2:3:5 respectively. The total cash is 4,000.00. How many bills of each denomination does she have?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! Rochelle is a cashier in a bank. She has bills of denomination in pesos: 1,000, 500, and 100 respectively. The ratio of the number of these bills is 2:3:5 respectively. The total cash is 4,000.00. How many bills of each denomination does she have?
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Value Equation:
1000(2x) + 500(3x) + 100(5x) = 4000
2000x + 1500x + 500x = 4000
4000x = 4000
x = 1
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# of 1000 peso bills = 2x = 2
# of 500 peso bills = 3x = 3
# or 100 peso bills = 5x = 5
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Cheers,
Stan H.
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