Tim, Hal and Kit had the same number of notes. Tim and Hal had a mix of $100-notes and $20-notes. Hal had 14 $100-notes while Tim had 20 $100-notes. Kit only had $100-notes.

1. Who had the least amount of money?
2. How much less did Hal have than Tim?
3. Tim used all his $20-notes to buy a wallet. He then had $1200 less than Kit. How many $100-notes did Kit have?

(a)
The three boys had the same number of notes.
$100-notes have a higher denomination than $20-notes.

Since Hal had the least number of $100-notes, he had the least money.

(b)
Number of less $100-notes that Hal had than Tim
= 20 - 14
= 6

Difference in the value of $100-note and $20-note
= 100 - 20
= $80

Amount that Hal had less than Tim
= 6 x 80
= $480

(c)
Value of $100-notes that Tim had left
= 20 x 100
= $2000

Total value that Kit had
= 2000 + 1200
= $3200

Number of $100-notes that Kit had
= 3200 ÷ 100
= 32

Answer(s): (a) Hal; (b) $480; (c) 32