Bank teller swaps dollars and cents on a cheque
Question
A cashier paying out a cheque mixes up the units, handing over the dollar amount as cents and the cent amount as dollars. The customer, who started with no money, walks off without checking, buys a sweet for cents, and then finds he holds exactly double the cheque's value. What was the cheque worth?
Short answer
$31.63. If the cheque is dollars and cents, he received cents, so , i.e. . The only solution with is , ; check: .
Adapted from OpenQuant; question and answer rewritten by SelfMadeQuant.com.
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