Question

Jen opened a savings account at the bank. The amounts of her first 3 deposits are shown below:

• Deposit 1: $325
• Deposit 2: $280
• Deposit 3: $480
• Deposit 4: ?
How much does she need in the fourth deposit so that her average deposit is $365?

Answer 1

Answer:$375

Step-by-step explanation: To find the average, we need to add all of the numbers up and divide by the number of numbers in the set. Since there are 4 deposits, to get an average of #365, Jen needs to have deposited 365x4 = $1460 in total. Now, it is pretty easy to find the answer. We add up her 3 deposits: 325+280+480 = $1085 and see that it is still $375(1460 - 1085) short. So, Jen needs to deposit $375 on her fourth deposit to have an average of $365.