Deposits pp SECTION
Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 5-1, Slide 2 of savings account (p. 196) A special bank account for storing money for future use. deposit (p. 196) Money put into a bank account. Key Words to Know
Click to edit Master text styles Second level Third level Fourth level Fifth level 3 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 5-1, Slide 3 of Total Deposit = (Currency + Coins + Checks) – Cash Received Formula
Click to edit Master text styles Second level Third level Fourth level Fifth level 4 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 5-1, Slide 4 of Joem Omma has a check for $ and a check for $ He also has 14 one-dollar bills. He would like to receive $20 in cash and deposit the rest of the money in his savings account. What is the total deposit? Example 1
Click to edit Master text styles Second level Third level Fourth level Fifth level 5 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 5-1, Slide 5 of Step: Compute the total deposit. (Currency + Coins + Checks) – Cash Received ($ $ $47.51) – $20.00 = $ – $20.00 = $ Example 1 Answer
Click to edit Master text styles Second level Third level Fourth level Fifth level 6 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 5-1, Slide 6 of Bobby wants to deposit the following into his savings account: 28 one-dollar bills, 8 five-dollar bills, 24 quarters, 35 dimes, 90 pennies, a check for $29.34, and a check for $ He wants to receive a fifty-dollar bill in cash. How much will he deposit? Example 2
Click to edit Master text styles Second level Third level Fourth level Fifth level 7 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 5-1, Slide 7 of Step: Compute the total deposit. Currency: $28 + (8 × $5) = $28 + $40 = $68 Coins: (24 × $0.25) + (35 × $0.10) + $0.90 = $ $3.50 = 0.90 = $10.40 Total deposit: $ $ $ $ – $50.00 = $ Example 2 Answer
Deposits 5-1 END OF SECTION : 3-25