ANSWER:
They have $1,100 altogether.
Step-by-step explanation:
- Originally, Mike had $500, while Joel had $600. That adds up to $1,100, and it makes Joel have $100 more than Mike.
- Half of Joel’s $600 is $300, which he gave to Mike. That makes Joel now have $300 himself.
- Adding $300 to Mike’s $500 is $800, which means Mike now has $800.
- $800 (Mike’s new amount) minus $300 (Joel’s new amount) is $500, which works because Mike now has $500 more than Joel.
-$300 + $800 is, of course, still $1,100.