Question

You open a new bank account. The table shows the activity of your account for the first month. Positive numbers represent deposits and negative numbers represent withdrawals. What is your balance (in dollars) in the account at the end of the first month?

Answer 1

$109.96

Explanation:

Using the data from the table we need to add all of the transaction amounts together in order to calculate the final balance amount at the end of the first month since all of the transactions listed in the table are from the same month. (negative values cancel out the addition and instead subtract from the total)

100 + (-12.25) + 25.82 + 14.95 + (-18.56) = 109.96

Assuming that the initial account balance at the beginning of the month was $0 then the account balance at the end of the month would be $109.96