Question

1. derek and meredith have a joint checking account with a balance of $2750. meredith pays the $93 electric bill online with their debit card. derek deposits his $750 paycheck. he also deposits the $50 he received as a gift. meredith also deposits her paycheck, which is $875. she then writes a check to pay a medical bill but forgets to record it. if the balance of their account is $3,947.50 after these transactions, how much was the medical bill? type a response

Explanation:

Step1: Calculate the total amount of deposits and subtract the electric bill

The initial balance is \( \$2750 \). Meredith pays an electric bill of \( \$93 \) (a deduction), Derek deposits \( \$750+\$50=\$800 \), and Meredith deposits \( \$875 \).
The sum before considering the medical bill is \(2750 - 93+800 + 875\).

$$2750-93+800 + 875=(2750+800+875)-93=(3550+875)-93 = 4425-93=\$4332$$

Step2: Find the amount of the medical bill

Let the medical bill be \(x\). We know that the final balance is \( \$3947.50 \).
We use the formula: Amount after deposits - medical bill = final balance. So \(4332-x = 3947.50\).
To solve for \(x\), we rewrite the equation as \(x=4332 - 3947.50\).

$$x=4332-3947.50=\$384.5$$

Answer:

\(384.5\)