Work the problem involving monetary values. See Example.
EXAMPLE Solving a Money Denominations Problem
A bank teller has 25 more $5 bills than $10 bills. The total value of the money is $200. How many of each denomination of bill does she have?
Step 1 Read the problem. We must find the number of each denomination of bill.
Step 2 Assign a variable.
Let x = the number of $10 bills.
Then x + 25 = the number of $5 bills.
Number of Bills
Denomination
Total Value
x
10
10x
x + 25
5
5(x + 25)
Organize the given information in a table.
Step 3 Write an equation. Multiplying the number of bills by the denomination gives the monetary value. The value of the tens added to the value of the fives must be $200.
Step 4 Solve.
Step 5 State the answer. The teller has 5 tens and 5 + 25 = 30 fives.
Step 6 Check. The teller has 30 − 5 = 25 more fives than tens. The value of the money is
5($10) + 30($5) = $200, as required.
In May 2009, U.S. first-class mail rates increased to 44 cents for the first ounce, plus 17 cents for each additional ounce. If Sabrina spent $14.40 for a total of 45 stamps of these two denominations, how many stamps of each denomination did she buy? (Source: U.S. Postal Service.)
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