Bytelearn - cat image with glassesAI tutor

Welcome to Bytelearn!

Let’s check out your problem:

Sarah's monthly bank statement showed the following deposits and withdrawals:

$115.55,$92.45,-$94.64,$69.81,-$70.08
If Sarah's balance in the account was 
$117.62 at the beginning of the month, what was the account balance at the end of the month?
Answer: 
$

Sarah's monthly bank statement showed the following deposits and withdrawals:\newline$115.55,$92.45,$94.64,$69.81,$70.08 \$ 115.55, \$ 92.45,-\$ 94.64, \$ 69.81,-\$ 70.08 \newlineIf Sarah's balance in the account was $117.62 \$ 117.62 at the beginning of the month, what was the account balance at the end of the month?\newlineAnswer: $ \$ \square

Full solution

Q. Sarah's monthly bank statement showed the following deposits and withdrawals:\newline$115.55,$92.45,$94.64,$69.81,$70.08 \$ 115.55, \$ 92.45,-\$ 94.64, \$ 69.81,-\$ 70.08 \newlineIf Sarah's balance in the account was $117.62 \$ 117.62 at the beginning of the month, what was the account balance at the end of the month?\newlineAnswer: $ \$ \square
  1. Start with initial balance: Start with the initial balance.\newlineInitial balance: $117.62\$117.62
  2. Add deposits and subtract withdrawals: Add the deposits and subtract the withdrawals from the initial balance.\newlineDeposits: $115.55+$92.45+$69.81\$115.55 + \$92.45 + \$69.81\newlineWithdrawals: $94.64$70.08-\$94.64 - \$70.08\newlineNew balance calculation: $117.62+$115.55+$92.45+$69.81$94.64$70.08\$117.62 + \$115.55 + \$92.45 + \$69.81 - \$94.64 - \$70.08
  3. Calculate sum of deposits: Calculate the sum of the deposits.\newlineSum of deposits: $115.55+$92.45+$69.81=$277.81\$115.55 + \$92.45 + \$69.81 = \$277.81
  4. Calculate sum of withdrawals: Calculate the sum of the withdrawals.\newlineSum of withdrawals: $94.64+$70.08=$164.72\$94.64 + \$70.08 = \$164.72
  5. Calculate final balance: Calculate the final balance by adding the sum of deposits to the initial balance and then subtracting the sum of withdrawals.\newlineFinal balance: $117.62\$117.62 + $277.81\$277.81 - $164.72\$164.72 = $230.71\$230.71

More problems from Debit cards and credit cards