Question
A motel clerk counts his$1 and$10 bills at the end of the day. He finds that he has a total of 48 bills having a
A motel clerk counts his$1 and$10 bills at the end of the day. He finds that he has a total of 48 bills having a combined monetary value of $156. Find the number of bills of each denomination that he has.
Number of bills | Denomination of Bill (in dollars) | Total Value in dollars
x | 1 |
y | 10 |
48 | XXXXXXXXXX | 156
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
