Consider the following incomplete deposit slip:

Question

Description
Amount ($)
Cash, including coins
150
75
Check 1
564
81
Check 2
2192
43
Check 3
4864
01
Subtotal
????
??
Less cash received
????
??
Total
7050
50

How much cash did the person who filled out this deposit slip receive?
a.
$849.25
b.
$715.56
c.
$7,621.53
d.
$721.50

Answer 1

To solve the problem, we first need to find the subtotal of the amounts listed under "Cash, including coins" and the three checks, and then figure out how much cash was received based on the total.

Step 1: Calculate the subtotal

We need to add up the amounts listed:

1. Cash, including coins:

   • $150.75

2. Check 1:

   • $564.81

3. Check 2:

   • $2192.43

4. Check 3:

   • $4864.01

Now, let's perform the addition:

\[ 150.75 + 564.81 + 2192.43 + 4864.01 = ? \]

Now calculating it step-by-step:

1. \(150.75 + 564.81 = 715.56\)
2. \(715.56 + 2192.43 = 2908.00\)
3. \(2908.00 + 4864.01 = 7772.01\)

So, the subtotal is $7772.01.

Step 2: Find the cash received

Now we know that the total is $7050.50. The total amount after subtracting cash received can be represented as:

\[ \text{Subtotal} - \text{Cash Received} = \text{Total} \]

Rearranging this gives us:

\[ \text{Cash Received} = \text{Subtotal} - \text{Total} \]

Substituting in the values:

\[ \text{Cash Received} = 7772.01 - 7050.50 \]

Calculating this gives:

\[ \text{Cash Received} = 721.51 \]

Based on the options given, if we round to two decimal places:

\[ \text{Cash Received} \approx 721.50 \]

Thus, the answer is:

d. $721.50.