Solution
Step 1
5cents is the same as $0.05.
Fifty dillars = $50
Step 2
For fifty dillars less than $144.50, you will subtract $50 from $144.50.
= $144.50 - $50
= $94.5
Step 3
5 cents more than is by adding $0.05 to the above result.
= $94.5 + $0.05
= $94.55
Final answer
$94.55