Question

At the beginning of the months, a consumer had $437.52 of in his bank account. During he made deposits of $256 and $217.14 of $80 and write checks of $115.98 and $108.90 - What balance left?

Answer 1

Question:

At the beginning of the months, a consumer had $437.52 of in his bank account. During which he made deposits of $80, $256 and $217.14 and write checks of $115.98 and $108.90 - What balance left?

Answer:

The customer's balance is $765.78

Step-by-step explanation:

Given

Start Amount = $437.52

Deposits = $80, $256 and $217.14

Withdrawals (Checks) = $115.98 and $108.90

Required

Determine his balance

We start by calculating the total deposits made by the customer

$Total\ Deposits = \ 80 + \ 256 + \ 217.14$

$Total\ Deposits = \ 553.14$

Next, we calculate the total withdrawals (checks)

$Total\ Withdrawals = \ 115.98 + \ 108.90$

$Total\ Withdrawals = \ 224.88$

At this point, we can now calculate the customer's balance as follows;

$Balance =Start\ Amount + Total\ Deposits - Total\ Withdrawals$

$Balance = \ 437.52+ \ 553.14 -\ 224.88$

$Balance = \ 765.78$

Hence, the customer's balance is $765.78