To determine the area of the bill, it was first converted into grayscale using gimp. Using its histogram from scilab, its threshold was determined to be 0.937. This was used to convert the figure into a binary image using im2bw(Img,0.937). The resulting image was then inverted by subtracting it from 1, thus resulting to the image below.
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rating-10 because I got a low %difference
Acknowledgements: rica and beth- for helping me with some of the concepts involved
angel - for the conversion of my original image to grayscale