Question

"50. Ron is reviewing his checking account balance. His starting balance in the account is $1,117.45.

He knows he made one deposit but cannot remember the amount. He wrote one check in the
amount of $470.12. His current account balance is $1,192.31. Find the amount of the deposit."

Answer 1

To find the amount Ron deposited, we consider his starting balance, check amount, and current balance. The calculation reveals that Ron's deposit was $545.98.

Step-by-step explanation:

The question requires calculating the deposit amount based on account balances and a transaction. To find the deposit, we need to incorporate the starting balance, the check written, and the current balance. Here's the calculation for the amount of the deposit:

Starting Balance: $1,117.45

Check Written: - $470.12

Current Balance (after the deposit and check): $1,192.31

We'll use the following equation:
Starting Balance + Deposit - Check Written = Current Balance

Plugging in the known values gives us:
$1,117.45 + Deposit - $470.12 = $1,192.31

To isolate the Deposit amount, we add $470.12 to both sides of the equation:
$1,117.45 + Deposit = $1,192.31 + $470.12

So the Deposit equals to:
Deposit = $1,192.31 + $470.12 - $1,117.45

When we calculate the equation:

Deposit = $545.98

Therefore, the amount of the deposit that Ron made is $545.98.