Rachel had an opening balance of $325.66 in her checking account.
She wrote checks for $258.79 and paid bank charges of $4.75. If her
closing balance was $392.55, how much did she deposit?
a. $196.65
b. $432.12
c. $62.12
d. $330.43
To solve this problem, we can start by subtracting the checks and bank charges from the opening balance:
$325.66 - $258.79 - $4.75 = $62.12
This tells us that Rachel had $62.12 left in her account after paying her bills and fees. To find out how much she deposited, we can subtract the closing balance from this amount:
$62.12 - $392.55 = -$330.43
This tells us that Rachel actually had a negative balance of $330.43 at the end of the month. This means that she must have deposited at least $330.43 to get her account back into positive territory. None of the answer choices are correct, as they all suggest that Rachel deposited less than $330.43.