Lakshmi is a cashier in a bank. She has currency notes of denominations Rs 100, Rs 50 and Rs 10, respectively. The ratio of the number of these notes is 2:3:5. The total cash with Lakshmi is Rs 4,00,000.
Answers
The ratio of the notes is : 2 : 3 : 5
Let her have 2 * N number of Rs 100 notes, 3 * N number of Rs 50 notes, and 5 * N number of Rs 10 notes respectively.
Then the total value of the currency notes will be:
2 N * Rs 100 + 3 N * Rs 50 + 5 N * Rs 10 = Rs 4, 00, 000
=> 200 N + 150 N + 50 N = Rs 4, 00, 000
=> 400 N = Rs 4, 00, 000
=> N = 1, 000
Hence, There are 2N = 2,000 notes of Rs 100 , 3N = 3,000 notes of Rs 50 and finally , 5 N = 5, 000 notes of Rs 10..
↝ Assume the common multiple of the number of the notes of the given denominations as ' x ' . So the ratio would be ' 2x : 3x : 5x ' . Now we know that she has a total cash of ' Rs. 400000 ' . We know that we have total ' 2x ' notes of ' ₹ 100 ' so the total amount made by the number of ₹ 100 notes will be ' ₹ 200x ' . Similarly the total amount made by the number of ₹ 50 notes will be ' ₹ 150x ' and the total amount made by the number of ₹ 10 notes will be ' ₹ 50x ' . So now we add all this total amount to get the value of ' x ' and once we get the value of ' x ' we can find the total number of notes of each denomination .
∴ The total number of notes of ₹ 100 = 2 × 1000 = 2000
∴ The total number of notes of ₹ 50 = 3 × 1000 = 3000
∴ The total number of notes of ₹ 10 = 5 × 1000 = 5000