Final answer:
To solve the problem, we set up two equations: x + y = 900 and 5x + 10y = 5500, where x is the number of $5 bills and y is the number of $10 bills. Solving the system, we find that there are 700 $5 bills and 200 $10 bills, making option A the correct answer.
Step-by-step explanation:
The question presents a problem that requires solving a system of linear equations to determine the number of $5 and $10 bills.
Let's define two variables: Let x be the number of $5 bills and y be the number of $10 bills. We have two equations based on the given information
- x + y = 900 (total number of bills)
- 5x + 10y = 5500 (total dollar value of the bills)
Using the substitution or elimination method, we can solve this system of equations to find the values of x and y.
By multiplying the first equation by 5, we get:
- 5x + 5y = 450
Then subtracting this equation from the second equation gives:
y = 200.
Substituting y = 200 into the first equation gives us:
- x + 200 = 900
- x = 700
So we have 700 $5 bills and 200 $10 bills, making option A the correct answer.