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AysviL [449]
2 years ago
9

123 Savings and Loan charges a monthly fee of $8 on checking accounts and an overdraft protection fee of $33. Neela's check regi

sti
he had a balance of $456
when she wrote a check for $312. Three days later she realized her check register had an error and she actually only had $256, so she transferred $250 into her checking
account. The next day, her monthly account statement was sent to her. What was the balance on her statement?
Mathematics
1 answer:
Stells [14]2 years ago
8 0

Based on the calculation below, the balance on Neela's statement is $153.

<h3>How do we calculate the balance on a bank statement?</h3>

The balance on Neela's statement can be calculated using the following formula:

Balance on statement = Actual amount in the account - Monthly fee - Overdraft protection fee - Check written + Amount transferred ............ (1)

Substituting all the relevant values into equation (1), we have:

Balance on statement = $256 - $8 - $33 - $312 + $250

Balance on statement = $153

Learn more about bank statement balance here: brainly.com/question/13837329.

#SPJ1

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