vocab: payee drawer hold insufficient funds overdraft protection maintenance fee debit credit interest…

vocab: payee drawer hold insufficient funds overdraft protection maintenance fee debit credit interest different types of checking accounts (p. 67) some checking accounts are free; know the requirements and what fees are in place! examples ex. 1 allison currently has a balance of $2,300 in her checking account. she deposits a $425.33 paycheck, a $20 rebate check, and a personal check for $550 into her checking account. she wants to receive $200 in cash. how much will she have in her account after the transaction? cyu lizzy has a total of x dollars in her checking account. she makes a deposit of b dollars in cash and two checks each worth c dollars. she could like d dollars in cash from this transaction. she has enough to cover the cash received in her account. express her new checking account balance after the transaction as an algebraic expression.

vocab: payee drawer hold insufficient funds overdraft protection maintenance fee debit credit interest different types of checking accounts (p. 67) some checking accounts are free; know the requirements and what fees are in place! examples ex. 1 allison currently has a balance of $2,300 in her checking account. she deposits a $425.33 paycheck, a $20 rebate check, and a personal check for $550 into her checking account. she wants to receive $200 in cash. how much will she have in her account after the transaction? cyu lizzy has a total of x dollars in her checking account. she makes a deposit of b dollars in cash and two checks each worth c dollars. she could like d dollars in cash from this transaction. she has enough to cover the cash received in her account. express her new checking account balance after the transaction as an algebraic expression.

Answer

Explanation:

Step1: Calculate total deposits for Allison

Allison deposits a $425.33 paycheck, a $20 rebate check and a $550 personal check. So total deposits are $425.33 + 20+550$. $425.33 + 20+550=995.33$

Step2: Calculate new balance for Allison

She starts with a balance of $2300$, makes total deposits of $995.33$ and withdraws $200$ in cash. $2300 + 995.33-200=3095.33$

Step3: Calculate new balance for Lizzy

Lizzy starts with $x$ dollars, deposits $b$ dollars in cash and $2c$ dollars from two - checks, and withdraws $d$ dollars in cash. The new balance is $x + b+2c - d$

Answer:

Allison: $3095.33$ dollars; Lizzy: $x + b + 2c - d$ dollars