Question

At the start of the month, Stephen’s savings account had a balance of $1,624. He made a $420 withdrawal each week for four weeks. During that month, he also made two deposits of $600 each and one deposit of $1,000.  What was the balance in Stephen’s account at the end of the month? 

Answer 1

The answer is $2144.

Answer 2

420 x 4 = 1,680. $1,624 - $1,680 = - $56. $600 x 2 = 1,200 + 1000 = 2,200. This minus the $56 he overdrew = an end of month balance of $2,144.