Question

Maggie noticed that her financial record is missing information. She recalls that on October 15th, she purchased gasoline in the amount of $32.51 and on October 16th, she and her friends went out for dinner, where she spent $25.62. Given this information, and the image below, determine her balance as of October 26th.A bank register. The balance on 10/25 was 170 dollars and 29 cents.a.$112.16b.$62.03c.$27.62d.$2.00

Answer 1

Based on the balance on her account on October 25th, we can calculate that her balance on October 26th was a. $112.16

Any expenses that we make from our bank account reduces our bank balance. This means that Maggie's buying of gasoline and the dinner she went on will reduce her account balance.

Her new balance will therefore be:

= Beginning amount - Expenses

= 170.29 - 32.51 - 25.62

= $112.16

In conclusion, her balance on October 26th is $112.16

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