1 / 15

Deposits

SECTION 4-1. pp. 166-168. Deposits. Compute: total checking account deposit. Section Objective. Key Words to Know. deposit (p. 166) Money put into a bank account. automatic teller machine (ATM) (p. 166)

vail
Télécharger la présentation

Deposits

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SECTION 4-1 pp. 166-168 Deposits

  2. Compute: total checking account deposit Section Objective

  3. Key Words to Know deposit (p. 166) Money put into a bank account. automatic teller machine (ATM) (p. 166) A bank machine that allows you to deposit or withdraw money electronically using a card.

  4. Key Words to Know personal identification number (PIN) (p. 166) A personal number on a bankcard that gives you access to your bank account electronically.

  5. Formula Total Deposit = (Currency + Coin + Checks) – Cash Received

  6. Fleet Footed Finances p. 166 What’s the purpose of a deposit slip?

  7. Example 1 Margaret Miller makes a deposit at an ATM. She has a check for $235.42 and a check for $55.47. She would like to receive $40 in cash and deposit the rest in her checking account. What is her total deposit?

  8. Example 1 Answer Step: Compute the total checking account deposit. (Currency + Coin + Checks) –Cash Received ($235.42 + $55.47) – $40.00 = $250.89

  9. Example 2 Manuel Romeo has checks for $435.20, $271.19, and $327.96. He has cash consisting of 15 one-dollar bills, 7 five-dollar bills, 3 ten-dollar bills, 24 quarters, 5 dimes, 15 nickels, and 14 pennies. He would like to keep $75 in cash. What is his total deposit?

  10. Example 2 Answer Step: Compute the total deposit. Currency: $15 + (7 ×$5) + (3 ×$10) = $80 Coins: (24 ×$0.25) + (5 ×$0.10) + (15 ×$0.05) + $0.14 = $7.39 Checks: $435.20 + $271.19 + $327.96 = $1,034.35 ($80 + $7.39 + $1,034.35) – $75 = $1,046.74

  11. Practice 1 Find the total deposit. $82.63 + $14.28 + $155

  12. Practice 1 Answer $251.91

  13. Practice 2 Checks: $426.19 and $827.43 Cash: 24 one-dollar bills, 8 five-dollar bills, and 11 ten-dollar bills Coins: 18 quarters, 52 dimes, 57 nickels, and 15 pennies.

  14. Practice 2 Answer $1,440.32

  15. END OF SECTION 4-1 Deposits

More Related