Answer and solution
Correct answer: 1050
Solution
Prefer ₹500: fewest notes $= 12$ notes of ₹500.
Prefer ₹100 ($a > b + c$): fewest notes $= 23$ with $a = 13, b = 1, c = 9$ ($1300 + 200 + 4500$; $13 > 10$). No 22-note option exists.
₹500 notes $= 50 \times 12 + 50 \times 9 = 600 + 450 = 1050$