Ray, Nat and Gus had the same number of notes. Ray and Nat had a mix of $50-notes and $5-notes. Ray had 8 $50-notes while Nat had 17 $50-notes. Gus only had $50-notes.
- Who had the least amount of money?
- How much more did Nat have than Ray?
- Nat used all his $5-notes to buy a wallet. He then had $1000 less than Gus. How many $50-notes did Gus have?
(a)
The three boys had the same number of notes.
$50-notes have a higher denomination than $5-notes.
Since Ray had the least number of $50-notes, he had the least money.
(b)
Number of more $50-notes that Nat had than Ray
= 17 - 8
= 9
Difference in the value of $50-note and $5-note
= 50 - 5
= $45
Amount that Nat had more than Ray
= 9 x 45
= $405
(c)
Value of $50-notes that Nat had left
= 17 x 50
= $850
Total value that Gus had
= 850 + 1000
= $1850
Number of $50-notes that Gus had
= 1850 ÷ 50
= 37
Answer(s): (a) Ray; (b) $405; (c) 37
