Jesse E. answered 07/19/20
Experienced tutor for TEAS, chemistry, and biology
To solve this problem, use a system of equations:
Let x be the amount of 1$ bills and let y be the amount of 5$ bills.
He has a total of 16 bills that are worth $40.
X + Y = 16
1X + 5 Y = 40
We will first solve for X in the first equation and substitute it into the second equation:
X = 16 - Y
1(16 - Y) + 5 Y = 40
16 - Y + 5 Y = 40
16 + 4 Y = 40
4Y = 24
Y = 6
Substitute back into first equation:
X + Y = 16
X + 6 = 16
X = 10
There will be 10 1$ bills and 6 $5 bills.
To check the answers, plug each back into the original equation.