A bill for ` 1,840 is paid in the denominations of ` 50, ` 20 and ` 10 notes. 50 notes in all are used. Consider the following statements:
1. 25 notes of ` 50 are used and the remaining are in the denominations of ` 20 and ` 10.
2. 35 notes of ` 20 are used and the remaining are in the denominations of ` 50 and ` 10.
3. 20 notes of ` 10 are used and the remaining are in the denominations of ` 50 and ` 20.
Which of the above statements are not correct?
Correct Answer :
1, 2 and 3
Solution :
The correct option is 1, 2 and 3.
Let us analyze the problem step-by-step to understand why all three statements are incorrect (not correct).
We are given:
Total amount of the bill = 1,840
Total number of notes used = 50
Denominations of notes used = 50, 20, and 10
Let:
x be the number of 50 notes used,
y be the number of 20 notes used, and
z be the number of 10 notes used.
Based on the given conditions, we can set up two system equations:
1) Total number of notes constraint:
2) Total value constraint:
Simplifying the second equation by dividing both sides by 10:
Now, let's analyze each statement one by one.
Statement 1: 25 notes of 50 are used and the remaining are in the denominations of 20 and 10.
If :
Substituting in the notes equation:
(Equation A)
Substituting in the simplified value equation:
(Equation B)
Subtracting Equation A from Equation B:
Since the total number of remaining notes is only 25, the number of 20 notes () cannot exceed 25. Thus, Statement 1 is not correct.
Statement 2: 35 notes of 20 are used and the remaining are in the denominations of 50 and 10.
If :
Substituting in the notes equation:
(Equation C)
Substituting in the simplified value equation:
(Equation D)
Subtracting Equation C from Equation D:
Since the number of notes must be an integer, cannot be 24.75. Thus, Statement 2 is not correct.
Statement 3: 20 notes of 10 are used and the remaining are in the denominations of 50 and 20.
If :
Substituting in the notes equation:
(Equation E)
Substituting in the simplified value equation:
(Equation F)
From Equation E, we can write . Substitute this into Equation F:
Since the number of notes must be an integer, cannot be 34.67. Thus, Statement 3 is not correct.
Since all statements 1, 2, and 3 are not correct, the correct answer option containing the incorrect statements is "1, 2 and 3".
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