October 6, 2015

Homework Help: Finance

Posted by Ruth on Friday, February 3, 2012 at 7:56am.

You will need the following info to solve the problem:

You can cover a sheet of paper with 6 $100 bills

There are 500 sheets of paper in 1 ream

There are 10 reams in 1 carton

Imagine that you have inherited $1 million . The bank has only $700,000 in $100 bill. The bank gives you the rest of the money in $20 bills and $10 bills. Your suitcase will hold as much as 1 carton of paper.
Will $1 million dollars fit in your suitcase?
Show all of your work. Explain what you did to solve the problem.

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