Solutions for Chapter 4 Review

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Presentation transcript:

Solutions for Chapter 4 Review

Solutions to C4 Review

Solutions to C4 Review

Solutions to C4 Review Problem New Balance Adjusted Balance 23 $172.21 OK 24 $520.74 $520.12 Not OK 25 $1252.37

Solutions to C4 Review

Questions?

A Few Practice Problems

D. $234.16 C. $214.16 B. $198.16 A. $194.16 1. Shannon Kelly makes a deposit in her checking account. She has checks for $178.16 and $36.00. Shannon gets back $20.00 in cash. What is her total deposit?

D. $178.78 C. $261.48 B. $361.48 A. $447.88 2. Your balance was $123.90 on May 5. Your May 10 deposit was $230.78. On May 19, you wrote a $43.20 check and withdrew $50.00 from an ATM. What is your new balance?

3. Your bank statement shows a previous balance of $354. 12 3. Your bank statement shows a previous balance of $354.12. You make deposits of $123.98 and $312.76. You write checks for $46.17 and $154.32. You have a $4.00 service charge and earn $0.18 interest. What is your present balance? A. $586.55 B. $590.37 C. $790.86 D. $987.53 C) B) A)

D. $721.31 C. $660.32 B. $648.35 A. $556.35 4. Simon Wu's deposit includes two checks: $123.45 and $432.90; cash: 3 one-dollar bills, 9 five-dollar bills, 5 ten-dollar bills, 15 quarters, 10 dimes, 18 nickels, and 32 pennies. Find the total deposit.

5. ALGEBRA Pablo Ramirez makes a deposit at an ATM and walks away with the $50 in cash he received and the receipt for the $1,200 total deposit he made. The checks deposited totaled four times the amount of currency he had deposited. He did not deposit any coins. What amount in currency did he deposit? A. $1,000 B. $750 C. $500 D. $230

6. Nancy Rodrick uses United Bank and Trust online banking 6. Nancy Rodrick uses United Bank and Trust online banking. One month she paid the basic charge, 9 bills, and requested a printed statement. United's online banking charges are shown below. What are Nancy's total fees for the month? C. $4.50 A. $5.50 D. $7.50 B. $8.75

7. You use online banking. Last month you had a basic service charge of $3.95. Service charges included 5 fees at $0.25 each, a $5.00 fee for a printed statement, $2.00 out-of-network ATM fee, and a cash advance fee of 2% of $400. What are the total service charges? A. $20.20 B. $16.25 C. $16.20 D. $12.20