Deposits
Money you put into the bank
What is a deposit?
What is taking money out of your bank account
What is an account statement?
What is a form that shows the status of your savings account
They bank pays you to use your money
What is interest?
The type of account that probably has more transactions during the month.
What is a checking account?
What is a withdrawal slip?
(will accept bank card)
What would you expect to find on a savings account statement? (list at least 3)
What is money in, money out, transaction dates, starting and ending balance
What is the amount of money you put into the bank called?
What is the principal
Ben wants to deposit: 28 one dollar bills, 8 five dollar bills, 24 quarters, 35 dimes, 90 pennies, checks for $56.34, $124.19, and $29.34. He wants to receive 2 fifty dollar bills. How much will he deposit?
What is $188.27
Which is the correct word form for $325.72?
A. three hundred dollars 25/100
B. three hundred, twenty-five 72/100
C. three hundred, twenty-five and 72/100
What is C. three hundred, twenty-five and 72/100
What formula do you use to find the new balance for your savings account? (reconciling your statement)
What is
New Balance=
previous balance + interest+ deposits - withdrawals
and the formula for finding the amount
What is I = prt
Interest = principal x rate x time
A = p + I
Amount = principal + interest
Find the total deposit: Checks: $152.54 and $147.46
Cash: 54 one dollar bills, 12 five dollar bills, and 6 ten dollar bills. Cash received: $20
What is $454.00
Which is correct for $280.50?
1. Two hundred, eighty and 50/100
2. Two eighty and 50/100
3. Two- hundred- eighty 50/100
What is A
The previous balance in Rolf Lutzger's account is $700. the activities include interest $1.50, deposits: $100.00 and $250.00 and withdrawals: $80.00 and $110.00
What is the new balance?
What is $851.50
Determine the interest and the amount for the indicated time.
Principal $8025 at 6.5% for 10 days
What is $8028.63
Ella operates a company and she deposits the day's receipts into her savings. In bills she has: 52 one hundred dollar bills, 21 fifties, 19 tens, 71 fives and 63 ones. The coins included: 6 one dollar coins, 60 fifty cent pieces, 32 quarters, 121 dimes and 165 pennies. she also deposited checks for $29.44, $125.65, and $45.94. Her cash received should be 5 two dollar bills.
What is $7,106.78
Write the following in correct word form.
$1028.04
What is
One thousand, twenty-eight and 04/100
Allison's previous balance was $6756.21
The activities were interest: $28.15, deposits: $12,350.22, $3,210.57, and $3209.87; withdrawals: $175.00 and $2900.00
What is her new balance
What is $22,480.02
Determine the interest and the amount for the indicated times.
Principal: $6580 at 6.5% for
a. 10 years b. 10 months
What is
a. $10,857.00
b. $6,936.42