You wish to make a deposit and have these bills: 15 ones, 6 fives, 3 tens, and 5 twenties. You also have 3 nickels, 15 dimes, and 12 quarters and checks for $86.75 and $35.50. You wish to receive $50 in cash. What will you enter on the NET DEPOSIT line?
A) 251.90
B) 301.90
C) 179.65
D) 266.44

Question

Quizplus · Accepted Answer

First, calculate the total value of the bills and coins: (15 * 1) + (6 * 5) + (3 * 10) + (5 * 20) + (3 * 0.05) + (15 * 0.10) + (12 * 0.25) = 15 + 30 + 30 + 100 + 0.15 + 1.50 + 3 = 179.65. Then, add the checks: 179.65 + 86.75 + 35.50 = 301.90. Since you wish to receive $50 in cash, subtract that amount: 301.90 - 50 = 251.90.

You Wish to Make a Deposit and Have These Bills