A student has some $1 and $5 bills in his wallet. He has a total of 15 bills that are worth $47. How many of each type of bill does he have?

1.) Write a system of equations for the problem above.
2.) Solve algebraically (substitution or elimination methods)

1 answer

Let x be the number of $1 bills and y be the number of $5 bills.

We can set up the following equations based on the given information:

1) x + y = 15 (Equation 1, representing the total number of bills)
2) 1x + 5y = 47 (Equation 2, representing the total value of the bills)

To solve algebraically using the substitution method, we can solve Equation 1 for x in terms of y:

x = 15 - y

Substitute this into Equation 2:

1(15 - y) + 5y = 47
15 - y + 5y = 47
15 + 4y = 47

Combine like terms:

4y = 32
y = 8

Substitute y = 8 back into Equation 1 to solve for x:

x + 8 = 15
x = 7

Therefore, the student has 7 $1 bills and 8 $5 bills.