After transferring $450 from the savings account to the checking account, the updated balance in :
- the savings account is =previous balance-$450
- the checking account= previous balance +$450
<h3>Calculation of the new balance?</h3>
All of that is based on the notion that Sarah's savings and checking accounts are distinct from one another.
Assume that, Sarah's savings account balance was 'x' and checking account balance was 'y'.
She transferred $450 from the savings to the checking account.
∴Updated savings account balance= x-450 units
∴Updated checking account balance= y+ 450 units.
Therefore, it can be concluded that the current value of Sarah's savings account would be the amount >$450, and the updated value of her checking account would be the balance <$450 if she transferred $450 from her savings account to her checking account.
Learn more about savings accounts and checking accounts:
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