Question

Jennifer deposited a $1,860.28 paycheck, a $562 stock dividend check, a $83 rebate check, and $420 cash into her checking account. Her original account balance was $1,138.21. Assuming the checks clear, how much was in her account after the deposit was made?

Answer 1

After adding Jennifer's paycheck, stock dividend, rebate check, and cash to her original balance, her checking account would have a total of $4,063.49, assuming all checks clear.

Step-by-step explanation:

When Jennifer deposits her paycheck and other funds into her checking account, we calculate the total by adding all the deposits to her original account balance. We begin by adding the paycheck of $1,860.28, the stock dividend check of $562, the rebate check of $83, and the $420 in cash. The original account balance was $1,138.21. Therefore, the calculation would be as follows:

$1,138.21 (original balance) + $1,860.28 (paycheck) + $562 (stock dividend) + $83 (rebate check) + $420 (cash) = $4,063.49

Assuming all checks clear, Jennifer would have a total of $4,063.49 in her account after the deposits are made. The calculation demonstrates an example of how to manage and track one's finances effectively and understand the concept of how the money supply in an individual's account can change with deposits.