Question

Carlos Martin received a statement from his bank showing a balance of $56.75 as of March 15th. His checkbook shows a balance of $87.37 as of March 20. The bank returned all the cancelled checks but two. One check was for $5.00 and the other was for $13.25. How much did Carlos deposit in his account between the March 15 and the March 20?

Answer 1

March 15 balance:56.75

Add: Deposit x

Less: Outstanding check 18.25 ⇒ 5 + 13.25March 20 balance: 87.3756.75 + x - 18.25 = 87.37

x = 87.37 - 56.75 + 18.25

x = 48.87