Given the word problem, we can deduce the following information:
1. The total amount is $12.07.
To determine the bills and coins equal to $12.07, we must follow the steps below:
Total = $12.07
So,
We subtract $10 bill since it is the largest bill not larger than the total ($12.07):
$12.07-$10.00= $2.07
We subtract $1.00 since it is the largest bill not larger than the total ($2.07):
$2.07-$1.00= $1.07
We subtract $1.00 since it is the largest bill not larger than the total ($1.07):
$1.07 -$1.00=$0.07
We subtract $0.05(Nickle) since it is the largest bill not larger than the total ($0.07):
$0.07-$0.05= $0.02
We subtract $0.01 (Dime) since it is the largest bill not larger than the total ($0.02):
$0.02-$0.01=$0.01
We subtract $0.01 (Dime) since it is the largest bill not larger than the total ($0.01):
$0.01-$0.01 =0
Therefore, the bills and coins are:
$10 bill =1
$1.00 bill =2
$0.05(Nickle) =1
$0.01 (Dime)=2