Question

1 point

You find three receipts from your activities today: (1) ATM

withdrawal of $60 plus $3 out-of-network ATM fee, (2) Debit card

used for grocery bill of $34 plus cash back of $20, and (3) ATM

deposit of $90 from birthday checks. What is your current balance

if you started the day with $100 in your account? *


1 ) $73


2 ) $333


3 ) $83


4 ) $300 , because banks don’t process any same-day transactions

Answer 1

Your current balance if you started the day with $100 in your account is $73

First step is to calculate the total cash at bank

Using this formula

Total Cash at bank= Cash at bank + Deposit

Let plug in the formula

Total Cash at bank=$100+90

Total Cash at bank=$190

Second step is to calculate the amount debited

Debit amount=($60+$3)+($34+$20)

Debit amount=$63+$54

Debit amount=$117

Now let determine your current balance

Current balance=Total cash at bank-Amount debited

Let plug in the formula

Current balance=$190-117

Current balance=$73

Your current balance if you started the day with $100 in your account is $73

Learn more here:

https://brainly.com/question/22165984