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InstructionMultiple Choice

Savings Accounts

Question 1 • SHS Alt Personal Finance - 2021

Roger wants to make a deposit into his savings account. He is depositing 2 checks, one for $125.62 and the other for $532.50. He would like to receive $40.00 in cash. Calculate the amount that he will be depositing into his savings account.

Answer
A
$658.12
B
$618.12
C
$743.74
D
$698.12

Explanation

Add the two checks: $125.62 + $532.50 = $658.12. Subtract the $40.00 Roger wants in cash, leaving $618.12 to deposit into savings, which is choice b.

AI-written and checked against the verified answer.

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