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Roger wants to make a deposit into his savings account. He is depositing 2 checks, one for $125.62 and the...

Roger wants to make a deposit into his savings account. He is depositing 2 checks, one for $125.62 and the other for $532.50. He would like to receive $40.00 in cash. Calculate the amount that he will be depositing into his savings account.
a. $658.12
b. $618.12
c. $734.74
d. $698.12
Please select the best answer from the choices provided
O A
O B
O C
O D

Answer

To calculate the amount Roger will be depositing into his savings account, add the amounts of the two checks and then subtract the cash he wants to receive:

  1. Add the two checks: $125.62 + $532.50 = $658.12
  2. Subtract the cash he wants to receive: $658.12 - $40.00 = $618.12

The amount Roger will be depositing into his savings account is $618.12.

The correct answer is B.

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