258 THE SAVINGS BANK A savings bank is a place where we may put the money we are able to save. Nearly every bank has a savings department. When we put money in a bank we say we deposit the money. For example: If I say that I deposit $5.45 in the bank, I mean that I put $5.45 in the bank. The money we have in the bank is called our account. For example: If I have no money in the bank, and if I deposit $5.45 in the bank, my account amounts to $5.45. The bank pays us for the use of the money we deposit in a savings account. The money paid is called interest. The following shows the savings bank deposits of twelve pupils. Find the total deposits of each. What is the total of all the deposits? THE SAVINGS BANK 259 1. Henry has deposited the following amounts with the lady who comes to the school from a bank: 19 cents; 34 cents; 23 cents; $1.25; 10 cents; 42 cents. What is the total amount of Henry's deposits? 2. Mr. Day had $342.00 in the bank on January 1. During the month he made the following deposits: Jan. 1, $250.00; Jan. 10, $752.75; Jan. 17, $527.15; Jan. 24, $892.50; Jan. 31, $969.10. How much did Mr. Day deposit during the month of January? 3. During January Mr. Day drew the following amounts out of the bank: $79.17, $158.12, $28.47, $376.91, $618.43, $546.58, $9.15, $27.06, $38.02, $341.11. How much did Mr. Day draw out altogether? 4. How much did Mr. Day have left in the bank on February 1? 5. Mr. Brown has $450.25 in a bank. During one week he makes the following deposits: $226.75, $344.18, $425.50, $411.20, $627.15, $998.75. How much did Mr. Brown deposit during the week? How much did his account amount to at the end of the week? 6. Mr. Jones drew the following amounts out of the bank during one week: $19.27, $187.12, $82.08, $207.09, $419.98, $879.87, $39.19, $47.18. How much did he draw out of the bank during the week? 7. On January 1, George started a savings account by depositing $25.00. Throughout the year he deposited $25.00 on the first and fifteenth of each month. How much did he have in the bank at Christmas time? 8. Margaret put $75.00 into a savings bank on October 15. On the fifteenth of each month she deposited $5.00. How much did she have in the bank on July 1 of the following year? 260 SPEED AND ACCURACY DRILL Multiply and check. Time yourself on the examples of each row or column. Try to improve your record. See how many of these addition examples you can finish in four minutes: Multiply the first number in each row by each of the other numbers in the row. See how many of these examples you can finish in six minutes: Subtract and check. See if you can finish and check these Every unit or whole contains 2 halves. means one-eighth. 8 means 8 eighths. 1=g NOTE TO TEACHER: The work in fractions on pages 262-275 is introduced to meet the needs of pupils who are in advanced groups. It may be omitted if the teacher desires. |