A customer/member owes $10.51 and pays $50.00 in cash. The change due is $39.49. Provide the amount owed using the smallest number of bills and coins possible.

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lucic

The number is 14 bill or coins

Step-by-step explanation:

The method to use the smallest number of bills and coins possible is to utilize the largest denominations possible.

The balance is $39.49

$39.49

-$20.00 -------------a $20 bill is the largest bill not larger than the total ($39.49)

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$19.49

-$10.00--a $10 bill is the largest bill not larger than the remaining ($19.49)

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$9.49

-$5.00------a $5 bill is the largest bill not larger than the remaining ($9.45)

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$4.49

-$1.00-------a $1 bill is the largest bill not larger than the remaining ($4.49)

---------

$3.49

-$1.00-------a $1 bill is the largest bill not larger than the remaining ($3.49)

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$2.49

-$1.00------a $1 bill is the largest bill not larger than the remaining ($2.49)

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$1.49

-$1.00------a $1 bill is the largest bill not larger than the remaining ($1.49)

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$0.49

-$0.25---- a quarter is the largest coin not larger than the remaining ($0.49)

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$0.24

-$0.10----a dime is the largest coin not larger than the remaining ($0.24)

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$0.14

-$0.10--a dime is the largest coin not larger than the remaining($0.14)

---------

$0.04

- a penny, ($0.01)  is the largest coin not larger than the remaining ($0.04). Here you have 4 pennies

Now you have Bill and Coin as;

1 $20 bill

1 $10 bill

1 $5 bill

4 $1 bill

1 quarter

2 dime

4 penny

14 bill or coins

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The returned amount is $39.49. The combination will contain a bill of $20, $10, $5, 4 bills of $1, and a quarter, two dime and 4 penny. The total number of bill or coin in the combination  is 14.

Given information:

Customer need to pay $10.51 and has paid $50. In return he/she is expecting the change of [tex]\$50-\$10.51=\$39.49[/tex].

Now, the customer will be returned $39.49 in cash. It is required to get the least number of bill and coin combination for the returned money.

The customer can get $20, $10, and $5 bill which is a sum of $35.

Now, we need to get $4.49 more to complete the returned amount.

So, we will use 4 $1 bills to get $4. One quarter which is $0.25, two dime which is equivalent to $0.2 and 4 penny which is equivalent to $0.04. Here, the total amount will be $4.49.

Therefore, the combination will contain a bill of $20, $10, $5, 4 bills of $1, and a quarter, two dime and 4 penny. The total number of bill or coin in the combination  is 14.

Learn more about bills here:

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