Ruby's monthly bank statement showed the following deposits and withdrawals:−$91.50,$108.98,−$55.89,−$3.83,$81.61If Ruby's balance in the account was $112.19 at the beginning of the month, what was the account balance at the end of the month?Answer: $□
Q. Ruby's monthly bank statement showed the following deposits and withdrawals:−$91.50,$108.98,−$55.89,−$3.83,$81.61If Ruby's balance in the account was $112.19 at the beginning of the month, what was the account balance at the end of the month?Answer: $□
Start with initial balance: Start with the initial balance. Ruby's initial balance is $112.19.
Add and subtract transactions: Add and subtract the transactions from the initial balance.First, we will add the deposits and subtract the withdrawals from the initial balance.Initial balance: $112.19Deposits: $108.98+$81.61Withdrawals: −$91.50−$55.89−$3.83Let's calculate the total deposits and total withdrawals separately.Total deposits = $108.98+$81.61=$190.59Total withdrawals = $91.50+$55.89+$3.83=$151.22Now, we subtract the total withdrawals from the total deposits.Net transaction amount = Total deposits - Total withdrawalsNet transaction amount = $190.59−$151.22=$39.37
Calculate total deposits and withdrawals: Calculate the final balance.Final balance = Initial balance + Net transaction amountFinal balance = $112.19 + $39.37 = $151.56