Answer:
the initial balance before the deposits and withdrawal is $28.28
Step-by-step explanation:
Let x = the initial balance before the deposits and withdrawal. This means that the total amount he had prior to the deposit and withdrawal is $x
A deposit of $100 was made. This means that the new balance is
x + 100 = $(100 + x)
A withdrawal of $125 was made. This means that the new balance is
x + 100 - 125 = $(x - 25)
Another deposit of $24 was made. This means that the new balance is
x - 25 + 24 = $(x -1)
The final balance on the account is $27.28
Therefore, the balance after these deposits and withdrawals, $(x -1) and the final balance, $27.28 will be the same. This means
x - 1 = 27.28
x = 27.28 + 1 = $28.28
