Real-Life Math
"A basic understanding of simple math functions -- knowing how to
use a calculator and being able to work with numbers all day -- is most important,"
explains Shruti Jumani. She works on a banking team for a securities company.
She came to the job after gaining experience as a Customer Service Representative
(CSR) at a bank.
Before and after every shift, banking CSRs must count
the money in their cash drawers. They are responsible for this money and must
handle it properly.
"At the start of the day, the money kept in the
teller cash drawer must be pretty low -- for example, $1,500. This is recorded
in detail on a report called a cash blotter. This blotter is a report that
is prepared every day," Jumani says.
When CSRs finish their shifts,
they must count the cash in their drawers. They must make sure that the accounts
balance. They print out a report of their transactions. The report breaks
down how much cash was received and how much was paid out.
You are
a CSR at a bank. Today you began with $1,500 in your cash drawer. At the end
of your shift, your cash blotter shows that you received $6,000 today. It
also shows that you paid out $4,500.
You count the money in your drawer.
You have six $100 bills, 87 $20 bills, 42 $10 bills and 35 $5 bills. You also
have $23 in ones and $42 in change.
Did you balance today?