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 10-notes is 5 : 6. When four 10-notes, the ratio became 8 : 13. How much money was there?
Solution 1
Let's denote the number of 10-notes as 6x according to the first ratio.
When four 10-notes, the number of 10-notes became 6x + 2 (since each 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 10-notes is 6x = 6 * 18 = 108.
Therefore, the total amount of money is 10 * 108 = 1080 = $1530.
Solution 2
Step 1: Let's denote the number of 10-notes as 6x, according to the first ratio given in the problem.
Step 2: According to the problem, four 10-notes. This means the number of 10-notes increased by 2 (since each 5-notes). So, the new number of 10-notes is 6x + 2.
Step 3: The problem states that after this exchange, the ratio of 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 10-notes. 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 * 10 = 240 = $340.
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