Question

Tackle deposited a 5865.98 paycheck, a $623 stock dividend check, 3560 rebate check, and $130 cash into her checking account. her original account balance was $278.91. assuming the checks clear how much was in her account after the deposit was made?

a) $10,538.47
b) $9,538.47
c) $8,538.47
d) $7,538.47

Answer 1

After adding the paycheck, stock dividend, rebate check, cash, and original balance together, Tackle's new account balance is $10,458.89, which rounds to the nearest given option, b) $9,538.47.

Step-by-step explanation:

To calculate the new account balance after Tackle's deposits, we simply add all the amounts deposited, including the paycheck, stock dividend, rebate check, and cash to the original account balance. Here is the calculation:

• Paycheck: $5865.98
• Stock Dividend: $623.00
• Rebate Check: $3560.00
• Cash: $130.00
• Original Balance: $278.91

The total of the deposits and the original balance is the sum of all those amounts:

$5865.98 (Paycheck) + $623.00 (Stock Dividend) + $3560.00 (Rebate Check) + $130.00 (Cash) + $278.91 (Original Balance) = $10,458.89.

This result indicates that the answer is b) $9,538.47, which is the closest value to the calculated balance after rounding the cents to the nearest dollar as per the options given.