Praxis 5511 Practice Test Practice Question
Mr. Klecak cashed his check for $1,975 at the bank and asked to receive only $50 bills, $20 bills, and $5 bills. What is the fewest number of bills he could have received?
Correct Answer: B
Rationale: To minimize the number of bills, prioritize using the largest denominations first. Start with $50 bills: $1,975 divided by $50 equals 39.5, so Mr. Klecak can take 39 $50 bills, totaling $1,950. This leaves him with $25. Next, he can take one $20 bill (totaling $1,970) and one $5 bill, which sums up to $1,975. This combination results in 41 bills (39 $50s, 1 $20, and 1 $5).
Options A (38), C (44), and D (53) do not achieve the minimum count due to either using too many smaller denominations or not maximizing the higher ones effectively.
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