You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. The percent of your balance will remain is 90.30%
$1725.25 - $167.50 = $1557.75
percentage left = 1557.75/1725.25 × 100
percentage left = 90.291 = 90.30%
- Checking accounts are deposit accounts with banks or other financial institutions that permit the account holder to make deposits and withdrawals.
- Compared to less liquid savings or investment accounts, checking accounts offer a large number of deposit and withdrawal options.
- Checking account holders receive little to no interest, if any, as a trade-off for increased liquidity.
- Account holders may deposit money at banks and ATMs using direct deposit or another type of electronic transfer; they may withdraw money from banks and ATMs using checks or electronic debit or credit cards linked to their accounts.
- It's crucial to keep track of the overdraft fees charged to your checking account.
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