Question

Aisha Brewer’s checking account has a balance of $523.45. She has a check for $435.62 and a check for $65.98. She would like to receive $40 in cash and deposit the rest of the money in her checking account. What is Aisha’s total deposit and what will her checking balance be?

Answer 1

Total deposit: $501.6

Total Balance: $985.05

Explanation:

Aisha's original total is 523.45. Since she is depositing a check for $435.62 and a check for 65.98, you add both check totals to the original balance, by lining up the numbers and adding down the line. This will be the total deposit:

435.62

+ 65.98

=

$501.6

$501.6 is the total deposit. To find the total checking balance, add the total deposit to $523.45.

523.45

+501.6

=

1025.05

This is her total balance before Aisha receives $40.

Next, you subtract what she wants to deposit, $40, since she is taking $40 out of her checking account.

1025.05

- 40.00

=

985.05

The total checking balance is $985.05