Final answer:
Colton has 23 ten-dollar bills and 10 one-dollar bills, which calculated together give the total amount of $240. This value is not reflected in any of the provided answer choices, so there may be an error in the question or answers.
Step-by-step explanation:
The question asks us to calculate the value of Colton's money based on the amount of money that Melvin has. We are also given the specific conditions of how Colton's money compares to Melvin's.
First, let's determine how many ten-dollar bills Colton has:
Melvin has 28 ten-dollar bills and Colton has 5 fewer, so:
28 - 5 = 23 ten-dollar bills for Colton.
Now, let's calculate the value of these ten-dollar bills:
23 ten-dollar bills × $10 each = $230.
Next, we'll determine how many one-dollar bills Colton has:
Melvin has 7 one-dollar bills and Colton has 3 more, so:
7 + 3 = 10 one-dollar bills for Colton.
The total value of Colton's one-dollar bills is simply 10 one-dollar bills × $1 each = $10.
To find the total value of Colton's money, we add the value of the ten-dollar bills and the one-dollar bills together:
$230 + $10 = $240
Therefore, the value of Colton's money is $240, which corresponds to none of the provided options, meaning there might be a mistake in the question or the answer choices.