Answer:
Part 1) Dan has 8 bills of $5 and 40 bills of $1
Part 2) The total money that Dan has is $80
Step-by-step explanation:
Let
x -----> the number of $1 bills
y ----> the number of $5 bills
we know that
[tex]x+y=48[/tex] -----> equation A
[tex]x=5y[/tex] -----> equation B
Solve the system by substitution method
substitute equation B in equation A and solve for y
[tex]5y+y=48[/tex]
[tex]6y=48[/tex]
[tex]y=8[/tex]
Find the value of x
[tex]x=5y[/tex]
[tex]x=5(8)=40[/tex]
The total money that Dan has is
[tex]40(1)+8(5)=\$80[/tex]
therefore
Dan has 8 bills of $5 and 40 bills of $1
The total money that Dan has is $80