Question

Gary and Ann have a joint checking account. Their balance at the beginning of October was $9,145.87. During the month they made deposits totalling $2,783.71, wrote checks totalling $4,871.90, paid a maintenance fee of $12, and earned $11.15 in interest on the account. What was the balance at the end of the month?

Answer 1

Answer:

$7,056.83

Step-by-step explanation:

Rewrite given data in the following table:

$\begin{array}{ccc}\text{Operation}&\text{Amount}&\text{Mathematical operation}\\\text{Beginning balance}&\ 9,145.87 \\\text{Made deposit}&\ 2,783.71&"+"\\\text{Wrote checks}&\ 4,871.90&"-"\\\text{Paid a maintenance fee}&\ 12&"-"\\\text{Earned interest}&\ 11.15&"+"\end{array}$

To find the balance at the end of the month, complete all mathematical operations:

$\ 9,145.87+\ 2,783.71-\ 4,871.90-\ 12+\ 11.15=\ 7,056.83$