Asa, Nat and Eli had the same number of notes. Asa and Nat had a mix of $50-notes and $20-notes. Nat had 7 $50-notes while Asa had 17 $50-notes. Eli only had $50-notes.

1. Who had the least amount of money?
2. How much less did Nat have than Asa?
3. Asa used all his $20-notes to buy a wallet. He then had $1500 less than Eli. How many $50-notes did Eli have?

(a)
The three boys had the same number of notes.
$50-notes have a higher denomination than $20-notes.

Since Nat had the least number of $50-notes, he had the least money.

(b)
Number of less $50-notes that Nat had than Asa
= 17 - 7
= 10

Difference in the value of $50-note and $20-note
= 50 - 20
= $30

Amount that Nat had less than Asa
= 10 x 30
= $300

(c)
Value of $50-notes that Asa had left
= 17 x 50
= $850

Total value that Eli had
= 850 + 1500
= $2350

Number of $50-notes that Eli had
= 2350 ÷ 50
= 47

Answer(s): (a) Nat; (b) $300; (c) 47