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1961 AMC 12 Question 17

AMC12 · 1961 AMC 12

Question 17

In the base ten number system the number $526$ means $5\cdot10^2+2\cdot10+6.$ In the Land of Mathesis, however, numbers are written in the base $r.$ Jones purchases an automobile there for $440$ monetary units (abbreviated m.u.). He gives the salesman a $1000$ m.u. bill, and receives, in change, $340$ m.u. The base $r$ is:
  1. $2$
  2. $5$
  3. $7$
  4. $8$
  5. $12$