Math Problem Statement
- Erica Martinez deposits three checks for $825.25, $253.45, and $180.26. Her cash consists of 20 one-dollar bills, 8 five-dollar bills, 7 ten-dollar bills, and 16 quarters. She would like to receive $175 in cash.
Solution
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Math Problem Analysis
Mathematical Concepts
Arithmetic
Basic Addition and Subtraction
Money Management
Formulas
Total value of checks: 825.25 + 253.45 + 180.26
Total cash: (20 * 1) + (8 * 5) + (7 * 10) + (16 * 0.25)
Withdrawal: 175 - total cash
Final deposit: total checks - withdrawal from checks
Theorems
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Suitable Grade Level
Grades 4-6