A donation box can receive only cheques of ₹100, ₹250, and ₹500. On one good day, the donation box was found to contain exactly 100 cheques amounting to a total sum of ₹15250. Then, the maximum possible number of cheques of ₹500 that the donation box may have contained, is
Explanation:
Let the number of 100, 250 and 500 notes be a, b and c respectively.
⇒ a + b + c = 100 …(1)
⇒ 100a + 250b + 500c = 15250 ⇒ 2a + 5b + 10c = 305 …(2)
(2) – 2 × (1) ⇒ 3b + 8c = 105 ⇒ c = 105-3b8 = 104+1-3b8 = 13 + 1-3b8
c will be maximum when b is minimum. The least value b can take such that c is integer is 3.
∴ c = 13 + 1-98 = 12
Hence, 12.
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