You need to use simultaneous equations to solve this problem since there are 2 variables.
1. 50x + 100y = 550 (value of the notes x the number of each note)
2. x + y = 8 (the number of each note added).
3. Multiply the second equation by 50 so that it the x variables are the same in both equations. Thus, 50x + 50y = 400.
4. Subtract 50x + 50y = 400 from 50x + 100y = 550.
5. The subtraction results in 50y = 150.
6. Divide by 50. y = 3, so x must equal 5.