Question

Frank received a monthly statement for his college savings account. It listed a deposit of $100 as +100.00. It listed a withdrawal of $25 as −25.00. The statement showed an overall ending balance of $835.50. How much money did Frank add to his account that month? How much did he take out? What is the total amount Frank has saved for college?

Answer 1

Add: $100

Take Out: $25

Total: $835.50

Explanation:

A deposit is an amount that is put into the account, by the owner or by someone else.

A withdrawal is an amount that is taken out of the account.

The overall ending balance shows the total amount in the account at the end of the month.