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 ban

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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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Cora 1 month 2021-08-19T09:18:53+00:00 1 Answer 0 views 0

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    2021-08-19T09:20:00+00:00

    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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