Mr. Gier has 20,000 pesos in the bank but has a debt of 25,300. After making a bank deposit, he is able to pay the debt and increase his bank account by 700 pesos. How much money did he deposit?
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Given : Mr. Gier has 20,000 pesos in the bank but has a debt of 25,300. After making a bank deposit, he is able to pay the debt and increase his bank account by 700 pesos.
To Find : How much money did he deposit
Solution:
Debt = 25300 Pesos
Amount in Bank = 20,000 Pesos
Balance to be paid = 25300 - 20000 = 5300 Pesos
increase his bank account by 700 pesos.
Hence total to be deposited = 5300 + 700
= 6000 Pesos
Mr. Gier has to deposit = 6000 Pesos
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