Tim Walker went to his bank. He deposited $47.75 and the teller credited $2.79 to his account for interest. If Tim's initial balance was $226.85, what will his new balance be?

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1. Tim Walker went to his bank. He deposited $47.75 and the teller credited $2.79 to his account for interest. If Tim's initial balance was $226.85, what will his new balance be?