Question

At the beginning of the months, a consumer had $437.52 of in his bank account. During he made deposits of $256 and $217.14 of $80 and write checks of $115.98 and $108.90 - What balance left?

Answer 1

Question:

At the beginning of the months, a consumer had $437.52 of in his bank account. During which he made deposits of $80, $256 and $217.14 and write checks of $115.98 and $108.90 - What balance left?

Answer:

The customer's balance is $765.78

Step-by-step explanation:

Given

Start Amount = $437.52

Deposits = $80, $256 and $217.14

Withdrawals (Checks) = $115.98 and $108.90

Required

Determine his balance

We start by calculating the total deposits made by the customer

$Total\ Deposits = \ 80 + \ 256 + \ 217.14$

$Total\ Deposits = \ 553.14$

Next, we calculate the total withdrawals (checks)

$Total\ Withdrawals = \ 115.98 + \ 108.90$

$Total\ Withdrawals = \ 224.88$

At this point, we can now calculate the customer's balance as follows;

$Balance =Start\ Amount + Total\ Deposits - Total\ Withdrawals$

$Balance = \ 437.52+ \ 553.14 -\ 224.88$

$Balance = \ 765.78$

Hence, the customer's balance is $765.78

Answer 2

The balance left in the consumer's account is $765.78.

The amount of money in the consumer's account increases with the deposits made and reduces when she writes checks.

The total value of the deposits have to be determined first.

Total value of the deposits = $256 + $217.14 + $80 = $553.14

The value of the checks written has to be determined

$115.98 + $108.90 = $224.88

Add the value of deposit, subtract the value of checks from the beginning balance

$437.52 + $553.14 - $224.88 = $765.78

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