Final answer:
To determine the amount Kay deposited in cash and coins, we subtract the sum of the checks deposited from the total deposit and then add the cash received back. The calculation results in Kay depositing $93.44 in cash and coins, which is answer choice (c).
Step-by-step explanation:
To calculate how much Kay deposited in cash and coins, we need to subtract the total amount of checks deposited from the total deposit amount. The amounts deposited were checks of $520.15, $57.68, and $40.25. The total deposited is $498.01. The cash received by Kay is given as $213.51. This represents both the cash Kay deposited and the cash Kay received back. Therefore, to find the amount Kay deposited in cash and coins, we should solve the following equation:
- Total deposited = Checks deposited + Cash and coins deposited.
- $498.01 = $520.15 + $57.68 + $40.25 + Cash and coins deposited.
- $498.01 = $618.08 + Cash and coins deposited.
- $498.01 - $618.08 = Cash and coins deposited.
- Cash and coins deposited = -$120.07 (negative because we originally had more deposits than the total).
However, since the total deposit amount cannot be less than the sum of the checks deposited, it suggests that we need to consider the cash received back by Kay as part of the cash deposited. So, we add that amount back to the negative cash deposited:
- Cash and coins deposited + Cash received back = $213.51.
- -$120.07 + $213.51 = Cash and coins deposited.
- Cash and coins deposited = $93.44.
Therefore, the correct answer to how much Kay deposited in cash and coins is $93.44, which corresponds to option (c).