Name: Money: Basic Commercial Terms
Uploaded: 2019-07-19
Duration: 3 min 44 s
Description: For everything and anything, money is vital. You require cash to purchase your preferred bag of chocolates etc. Let's discuss the basic terms related to money.

Question

Robert is going to bank to withdraw

₹ 9000

. He wants an equal number of notes each of

₹ 500

, and

₹ 1000

. How many notes each of

₹ 500

, and

₹ 1000

, will the bank hand over to Robert.

Accepted Answer

Given,

Total amount needed to be withdrawn $₹ 500$ .

We, need to find how many notes of each $₹ 500$ , and $₹ 1000$ , will the bank hand over to Robert.

According to the question he wants the equal number of denominations of $₹ 500$ , and $₹ 1000$ .

Note: this question can have different answers.

Here, consider the bank gives,

$6 \to ₹ 500$ notes

$\Rightarrow ₹ 500 \times 6 = ₹ 3000$

$6 \to ₹ 1000$ notes

$\Rightarrow ₹ 1000 \times 6 = ₹ 6000$

Now, adding the combination of notes we get,

$\begin{matrix} ₹ \\ 6 & 0 & 0 & 0 \\ + & 3 & 0 & 0 & 0 \\ 9 & 0 & 0 & 0 \end{matrix}$

Hence, the equal number of denominations of $₹ 500$ , and $₹ 1000$ , the bank hands over to Robert are:

$6 \to ₹ 500$ notes

$6 \to ₹ 1000$ notes

Hira Prasad Solutions for Chapter: Money, Exercise 3: Fun Time

Hira Prasad Mathematics Solutions for Exercise - Hira Prasad Solutions for Chapter: Money, Exercise 3: Fun Time

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