Certainly! Let's work through this problem step by step.
1. Initial Cash:
- The business started with some initial cash. The amount of initial cash is [tex]$5250.00.
2. Bank Deposit:
- In addition to the initial cash on hand, there was an amount deposited into the bank. This amount deposited was $[/tex]150,000.
3. Total Amount:
- To find the total amount available, we need to add the initial cash and the amount deposited in the bank.
[tex]\[
\text{Total Amount} = \text{Initial Cash} + \text{Bank Deposit}
\][/tex]
Substituting in the given values:
[tex]\[
\text{Total Amount} = 5250.00 + 150000
\][/tex]
4. Calculation:
- Performing the addition:
[tex]\[
5250.00 + 150000 = 155250.00
\][/tex]
5. Conclusion:
- The total amount available after depositing the initial cash and the bank deposit is [tex]$155,250.00.
In summary, the business started with $[/tex]5250.00 in cash, deposited [tex]$150,000 in the bank, leading to a total amount of $[/tex]155,250.00.
