SOLUTION: How do I set up and solve this word problem? There are 5 times as many 1$ bills as 5$ bills. The entire number of bills is 48. How many 1$ bills are there?

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Question 99145: How do I set up and solve this word problem?
There are 5 times as many 1$ bills as 5$ bills. The entire number of bills is 48. How many 1$ bills are there?

Answer by Nate(3500) About Me  (Show Source):
You can put this solution on YOUR website!
x = amount of ones
y = amount of fives
x = 5y and x + y = 48
Plug:
x + y = 48
5y + y = 48
6y = 48
y = 8
8 five dollar bills
40 one dollar bills