Question

Pawan is a cashier in a bank. He has currency notes of denominations 1000, 500 and 100 respectively. The ratio of the number of these notes is 2:3:5. If the total cash with Pawan is ₹5,00,000, then how many notes of ₹1000 denomination does he have?

Answer 1

Step-by-step explanation:

Hey mate

Here's your answer:

Considering the ratios will all the denominations as x, we get the ratio (1000 × 2)x: (500× 3)x: 100 × 5)x.

Total money withdrawn by Pawan: 5,00,000

So, 2000x + 1500x + 500x = 500000

=>4000x = 500000

=>x = 125.

Total money collected in 1000 denominations =

2000x = 2000 × 125

= 2,50,000.

So the total no. of denominations = 2,50,000/1000

= 250 denominations.

Hope it helps you