Practical Mathematics for Grade 11, Problem ID: 5324

Practical Mathematics K11The largest denomination of currency ever printed by the Bureau of Engraving and Printing was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson. The notes were used only for official transactions between Federal Reserve Banks and were not circulated among the general public.

My friend Steve recently discovered this magic bill in his pocket as well as $16 in nickels and dimes.

If he exchanged all the money in his pocket for an equal number of $1, $2, $5, $10, $20, $50, and $100 bills, how many $100 bills did he receive?


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