In September 2015 a polymer £5 note was introduced. The Bank of England issued 440 million of them.What is the total face value of all these notes? £
Question
In September 2015 a polymer £5 note was introduced. The Bank of England issued 440 million of them. What is the total face value of all these notes? £
Solution
The total face value of all these notes can be calculated by multiplying the face value of one note by the total number of notes issued.
Step 1: Identify the face value of one note. In this case, it is £5.
Step 2: Identify the total number of notes issued. In this case, it is 440 million.
Step 3: Multiply the face value of one note by the total number of notes issued.
So, £5 * 440 million = £2.2 billion.
Therefore, the total face value of all these notes is £2.2 billion.
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