Sarah's monthly bank statement showed the following deposits and withdrawals:$115.55,$92.45,−$94.64,$69.81,−$70.08If 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: $□
Q. Sarah's monthly bank statement showed the following deposits and withdrawals:$115.55,$92.45,−$94.64,$69.81,−$70.08If 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: $□
Start with initial balance: Start with the initial balance.Initial balance: $117.62
Add deposits and subtract withdrawals: Add the deposits and subtract the withdrawals from the initial balance.Deposits: $115.55+$92.45+$69.81Withdrawals: −$94.64−$70.08New balance calculation: $117.62+$115.55+$92.45+$69.81−$94.64−$70.08
Calculate sum of deposits: Calculate the sum of the deposits.Sum of deposits: $115.55+$92.45+$69.81=$277.81
Calculate sum of withdrawals: Calculate the sum of the withdrawals.Sum of withdrawals: $94.64+$70.08=$164.72
Calculate final balance: Calculate the final balance by adding the sum of deposits to the initial balance and then subtracting the sum of withdrawals.Final balance: $117.62 + $277.81 - $164.72 = $230.71