The Correct Answer and Explanation is:
The correct answer is $156.
Here is a detailed explanation of how to arrive at this total.
To solve this problem, we must first identify all currently circulating U.S. bills and then determine which of them feature a U.S. president. The denominations of U.S. currency currently in circulation are the $1, $2, $5, $10, $20, $50, and $100 bills. The question specifies that we only include the bills that have a president’s portrait on them.
Let’s examine each bill individually:
- The $1 bill features George Washington, the first U.S. President.
- The $2 bill features Thomas Jefferson, the third U.S. President.
- The $5 bill features Abraham Lincoln, the sixteenth U.S. President.
- The $20 bill features Andrew Jackson, the seventh U.S. President.
- The $50 bill features Ulysses S. Grant, the eighteenth U.S. President.
Two commonly used bills do not feature presidents and must be excluded from our calculation. The
10bill∗∗featuresAlexanderHamilton,whowasthefirstSecretaryoftheTreasury,notapresident.The∗∗10bill∗∗featuresAlexanderHamilton,whowasthefirstSecretaryoftheTreasury,notapresident.The∗∗100 bill features Benjamin Franklin, a renowned Founding Father, inventor, and diplomat, but he was never president.
Therefore, the denominations that fit the criteria are the $1, $2, $5, $20, and $50 bills. First, we add the value of one of each of these bills together:
$1 + $2 + $5 + $20 + $50 = $78.
The question states that Luis has “two apiece,” which means he possesses two of each of these specific bills. To find the total amount of money he has, we must multiply the sum of the denominations by two:
$78 x 2 = $156.
Thus, Luis has a total of $156.
