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What is the total amount of money being added to the account in the table of deposits shown below?

[tex]\[
\begin{tabular}{|l|r|}
\hline \multicolumn{1}{|c|}{ Deposits } & \multicolumn{1}{c|}{ Amount } \\
\hline Incoming ACH & \$1950.03 \\
\hline Incoming Phone Transfer & \$26.01 \\
\hline Incoming App Transfer & \$7.28 \\
\hline Check Mobile Deposit & \$31.73 \\
\hline
\end{tabular}
\][/tex]

Round to the nearest cent.



Answer :

GinnyAnswer
To determine the total amount of money being added to the account, we need to sum up all the deposit amounts listed in the table. The amounts given are:

1. Incoming ACH: [tex]$1950.03 2. Incoming Phone Transfer: $[/tex]26.01
3. Incoming App Transfer: [tex]$7.28 4. Check Mobile Deposit: $[/tex]31.73

Let's add these amounts step-by-step:

1. Start with the first amount: [tex]$1950.03 2. Add the second amount: $[/tex]1950.03 + [tex]$26.01 = $[/tex]1976.04
3. Add the third amount: [tex]$1976.04 + $[/tex]7.28 = [tex]$1983.32 4. Lastly, add the fourth amount: $[/tex]1983.32 + [tex]$31.73 = $[/tex]2015.05

Hence, the total amount of money being added to the account is \$2015.05 rounded to the nearest cent.

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