After he withdraws $50.00 in cash the bank reconciliation shows that Ryan would have: $1 501.98 in bank balance.
<h3>What is the solution to the above?</h3>
Add all the deposits
- 28 x 10 = 280
- 9 x 5 = 45
- 20 x 0.25 = 5
- 85 x 0.10 = 8.5
- 32 x 0.01 = 0.32
Total = $338.82
Add the checks
654.24 + 100.00 + 458.92
= $1,213.16
Total amount deposited is: Cash + Check
1,213.16 + 338.82
Total Deposit = $1,551.98
Less withdrawal of $50
$1,551.98 - $50
Balance left = 1 501.98
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Full Question:
Ryan Massey wants to deposit the following into his savings account: 28 ten-dollar bills, 9 five-dollar bills, 20 quarters, 85 dimes, 32 pennies, and three checks for $654.24, $100.00, and $458.92. He wants to receive $50.00 in cash.
How much cash would he lave left after he withdraws $50.00 in cash?
