To solve this problem, we can set up a couple of equations based on the information given. Let’s denote the amount of money Bill has as B and the amount of money Hanes has as H.
From the question, we know two things:
- The total amount of money they have together is $60. This can be expressed as:
B + H = 60 - Hanes has half as much money as Bill. This means:
H = 0.5B
Now we can substitute the second equation into the first equation:
B + (0.5B) = 60
Combining like terms, we get:
1.5B = 60
Next, to find out how much Bill has, we divide both sides by 1.5:
B = 60 / 1.5 = 40
Now that we have the amount Bill has, we can find out how much Hanes has by substituting B back into the equation for Hanes:
H = 0.5B = 0.5 * 40 = 20
So, Hanes has $20.
In summary, Bill has $40, and Hanes has $20.