Question

Annie wants to make a deposit into her savings account. She is depositing 3 checks, one for $50.32, another for $324.89, and finally one for $753.15. She would like to receive $137.82 in cash after the deposit. Calculate the amount that she will be depositing into her savings account.

Answer 1

Answer:

The amount that she will be depositing into her savings account is $990.54

Explanation:

The computation of the deposited amount is shown below:

= One check amount + second check amount + third check amount - cash received the amount  

= $50.32 + $324.89 + $753.15 - $137.82

= $990.54

Since the amount of the check is considered as a deposited amount and the cash receipts would not be considered as a deposited mount so we deduct this from the total value of checks