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The ratio of the number of $5-notes to the number of $10-notes is 5 : 6. When four $5-notes were exchanged for $10-notes, the ratio became 8 : 13. How much money was there?

Question

The ratio of the number of 5notestothenumberof5-notes to the number of 10-notes is 5 : 6. When four 5noteswereexchangedfor5-notes were exchanged for 10-notes, the ratio became 8 : 13. How much money was there?

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Solution 1

Let's denote the number of 5notesas5xandthenumberof5-notes as 5x and the number of 10-notes as 6x according to the first ratio.

When four 5noteswereexchangedfor5-notes were exchanged for 10-notes, the number of 5notesbecame5x4andthenumberof5-notes became 5x - 4 and the number of 10-notes became 6x + 2 (since each 5noteexchangedgivesushalfofa5-note exchanged gives us half of a 10-note).

According to the second ratio, we can write the equation (5x - 4) / (6x + 2) = 8 / 13.

Solving this equation gives us x = 18.

So, the number of 5notesis5x=518=90andthenumberof5-notes is 5x = 5 * 18 = 90 and the number of 10-notes is 6x = 6 * 18 = 108.

Therefore, the total amount of money is 590+5 * 90 + 10 * 108 = 450+450 + 1080 = $1530.

This problem has been solved

Solution 2

Step 1: Let's denote the number of 5notesas5xandthenumberof5-notes as 5x and the number of 10-notes as 6x, according to the first ratio given in the problem.

Step 2: According to the problem, four 5noteswereexchangedfor5-notes were exchanged for 10-notes. This means the number of 5notesdecreasedby4andthenumberof5-notes decreased by 4 and the number of 10-notes increased by 2 (since each 10noteisworthtwo10-note is worth two 5-notes). So, the new number of 5notesis5x4andthenewnumberof5-notes is 5x - 4 and the new number of 10-notes is 6x + 2.

Step 3: The problem states that after this exchange, the ratio of 5notesto5-notes to 10-notes became 8 : 13. So, we can set up the following equation: (5x - 4) / (6x + 2) = 8 / 13.

Step 4: Solve this equation for x. Cross-multiplying gives 65x - 52 = 48x + 16. Simplifying this gives 17x = 68, so x = 4.

Step 5: Substitute x = 4 back into the expressions for the number of 5notesand5-notes and 10-notes. The original number of 5noteswas5x=20andtheoriginalnumberof5-notes was 5x = 20 and the original number of 10-notes was 6x = 24.

Step 6: To find the total amount of money, multiply the number of each type of note by its value and add the results. The total amount of money was 20 * 5+245 + 24 * 10 = 100+100 + 240 = $340.

This problem has been solved

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