A confused bank teller transposed the rupees and paise when he cashed a cheque for Shailaja, giving her rupees instead of paise and paise instead of rupees. After buying a toffee for 50 paise, Shailaja noticed that she was left with exactly three times as much as the amount on the cheque. Which of the following is a valid statement about the cheque amount?

Let the value of cheque be x Rs and y ps and the amount she received is y Rs and x ps.

After 50 ps is deducted she has the amount which is 3 times the amount on cheque,

So 100y+x-50=3(100x+y)    (After converting the amount in paise)

y= (299x+50)/97 = 3x+ (8x+50)/97

Since x is an integer, 3x will definitely be an integer. Now, (8x+50)/97 has to be an integer for y to be an integer.

So, 8x+50 has to be a multiple of 97. 

8x+50= 97

$$\Rightarrow$$ x = 47/8, this value of x is not an integer. 

8x+50= 97*2 = 194

8x = 144

$$\Rightarrow$$ x = 144/8 = 18. Here, we got an integer.

So, the amount has to be 18 rupees and some paise. Hence, option D is correct.