Answer:T o solve this problem, you can set up a system of equations to represent the given information and then solve for the values of x and y.
First, let's call the number of $50 notes x and the number of $100 notes y. We know that the total number of notes is 8, so we can set up the first equation as follows:
x + y = 8
Next, we know that the total value of the notes is $550. We can set up the second equation to represent this information as follows:
50x + 100y = 550
To solve for x and y, we can use substitution or elimination.
Using substitution, we can solve for y in the first equation and substitute this expression into the second equation. This gives us:
50x + 100(8-x) = 550
Solving for x, we find that x = 4, which means that we have 4 $50 notes. We can then substitute this value back into the first equation to find that y = 4, which means we have 4 $100 notes.
Therefore, we have a total of 4 $50 notes and 4 $100 notes, for a total of 8 notes.
Explanation: