Miguel wishes to make a deposit. He has these bills: 5 ones, 4 fives, 2 tens, and 2 twenties. He has 4 nickels, 17 dimes, and 13 quarters. Miguel has checks for $35.75 and $64.75. Miguel wants to receive $40 in cash. What would he enter on the CURRENCY line?
A) 90.15
B) 85.00
C) 190.65
D) 150.65

Question

Quizplus · Accepted Answer

First, calculate the total value of the bills: (5 * $1) + (4 * $5) + (2 * $10) + (2 * $20) = $5 + $20 + $20 + $40 = $85. Since Miguel wants to receive $40 in cash back, he will not deposit this amount, so the currency entered on the CURRENCY line is the total value of the bills he is depositing, which is $85.00.

Miguel Wishes to Make a Deposit