Max, Ace and Zac had the same number of notes. Max and Ace had a mix of $100-notes and $50-notes. Max had 5 $100-notes while Ace had 14 $100-notes. Zac only had $100-notes.

1. Who had the least amount of money?
2. How much more did Ace have than Max?
3. Ace used all his $50-notes to buy a wallet. He then had $1700 less than Zac. How many $100-notes did Zac have?

(a)
The three boys had the same number of notes.
$100-notes have a higher denomination than $50-notes.

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

(b)
Number of more $100-notes that Ace had than Max
= 14 - 5
= 9

Difference in the value of $100-note and $50-note
= 100 - 50
= $50

Amount that Ace had more than Max
= 9 x 50
= $450

(c)
Value of $100-notes that Ace had left
= 14 x 100
= $1400

Total value that Zac had
= 1400 + 1700
= $3100

Number of $100-notes that Zac had
= 3100 ÷ 100
= 31

Answer(s): (a) Max; (b) $450; (c) 31