Answer: The number $1 bills is 8 and the number of $5 bills is 8.
Explanation:
Let x denotes $1 bills and y be denotes $5 bills.
Then , we have the following equations :-

Subtracting equation (1) from (2), we get

Substitute y=5 in equation(1), we get

Hence, the number $1 bills is 8 and the number of $5 bills is 8.