1. Deposits pp. 196-198 5-1 SECTION

2. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 5-1, Slide 2 of 14 5-1 savings account (p. 196) A special bank account for storing money for future use. deposit (p. 196) Money put into a bank account. Key Words to Know

3. Click to edit Master text styles Second level Third level Fourth level Fifth level 3 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 5-1, Slide 3 of 14 5-1 Total Deposit = (Currency + Coins + Checks) – Cash Received Formula

4. Click to edit Master text styles Second level Third level Fourth level Fifth level 4 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 5-1, Slide 4 of 14 5-1 Joem Omma has a check for $145.58 and a check for $47.51. He also has 14 one-dollar bills. He would like to receive $20 in cash and deposit the rest of the money in his savings account. What is the total deposit? Example 1

5. Click to edit Master text styles Second level Third level Fourth level Fifth level 5 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 5-1, Slide 5 of 14 5-1 Step: Compute the total deposit. (Currency + Coins + Checks) – Cash Received ($14.00 + $145.58 + $47.51) – $20.00 = $207.09 – $20.00 = $187.09 Example 1 Answer

6. Click to edit Master text styles Second level Third level Fourth level Fifth level 6 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 5-1, Slide 6 of 14 5-1 Bobby wants to deposit the following into his savings account: 28 one-dollar bills, 8 five-dollar bills, 24 quarters, 35 dimes, 90 pennies, a check for $29.34, and a check for $124.19. He wants to receive a fifty-dollar bill in cash. How much will he deposit? Example 2

7. Click to edit Master text styles Second level Third level Fourth level Fifth level 7 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 5-1, Slide 7 of 14 5-1 Step: Compute the total deposit. Currency: $28 + (8 × $5) = $28 + $40 = $68 Coins: (24 × $0.25) + (35 × $0.10) + $0.90 = $6.00 + $3.50 = 0.90 = $10.40 Total deposit: $68.00 + $10.40 + $29.34 +$124.19 – $50.00 = $181.93 Example 2 Answer

8. Deposits 5-1 END OF SECTION 197-198: 3-25