Calculating Cash and Checks Deposited by Sarah Kelly
Sarah Kelly's Deposits and Cash Composition
Sarah Kelly deposits four checks for $901.20, $3760.26, $655.79, and $252.00. Her cash consists of 30 one-dollar bills, 2 two-dollar bills, 16 five-dollar bills, 119 ten-dollar bills, 6 quarters, 11 dimes, 37 nickels, and 9 pennies. She would like to receive $325.00 in cash.
Questions:
a) How much more money does Sarah need in cash to reach $325.00?
b) What is the total value of the checks that Sarah deposited?
c) How many dollar bills does Sarah have in total?
d) How many quarters does Sarah have in total?
Final Answer:
Sarah has more cash than what she needs to reach $325.00. The total value of the checks that Sarah deposited is $5,569.25. Sarah has a total of 32 dollar bills and 6 quarters.
Explanation:
a) To find out how much more money Sarah needs in cash to reach $325.00, we need to subtract the value of the cash she already has from $325.00. The total value of the cash she has is calculated by multiplying the number of each type of bill or coin by its value and summing them up. In this case, the total value of the cash she has is:
$1 bills: 30 x $1 = $30
$2 bills: 2 x $2 = $4
$5 bills: 16 x $5 = $80
$10 bills: 119 x $10 = $1,190
Quarters: 6 x $0.25 = $1.50
Dimes: 11 x $0.10 = $1.10
Nickels: 37 x $0.05 = $1.85
Pennies: 9 x $0.01 = $0.09
The total value of the cash Sarah has is $1,308.54. To find out how much more money she needs, we subtract this value from $325.00:
$325.00 - $1,308.54 = -$983.54
This means that Sarah has more cash than what she needs to reach $325.00.
b) The total value of the checks that Sarah deposited is calculated by summing the amounts of the four checks:
$901.20 + $3760.26 + $655.79 + $252.00 = $5,569.25
Therefore, the total value of the checks is $5,569.25.
c) To calculate the total number of dollar bills that Sarah has, we add up the number of each type of bill:
$1 bills: 30
$2 bills: 2
Adding these numbers together, we get:
30 + 2 = 32
Therefore, Sarah has a total of 32 dollar bills.
d) To calculate the total number of quarters that Sarah has, we add up the number of quarters:
Quarters: 6
Therefore, Sarah has a total of 6 quarters.