Question

A client is withdrawing $105.83. He would like $40 in $10 bills and the rest in the fewest number of bills and coins possible. Select the appropriate number of bills and coins to give the client.

Answer 1

Explanation:

The client starts with 105.83 dollars

He requests 40 of which to be subtracted in denominations of 10, meaning 4 10 dollar bills are being removed.

After this he has 65.83 more dollars to withdraw, the next biggest bill denomination is a 50, so lets subtract 50 from our account.

Now he is left with 15.83, subtract another 10 dollar bill.

That leaves us with 5.83, subtract one 5 dollar bill.

Leaving us with 0.83, subtract 3 quarters

That leaves us with 8 cents, lets subtract one nickel, leaving us with 3 cents.

Now with those 3 cents we can subtract 3 pennies.

Meaning the least amount of denominations required is:

1 50-Dollar bill

5 10-Dollar bills

1 5-Dollar bill

3 Quarters

1 Nickel

3 Pennies