Question

Tim worker went to his bank. He deposited $72.15 and the teller credited $5.79 to his account for interest. If Tim's initial balance was $1,226.14, what will his new balance be?

Answer 1

Hi, given the question let us breakdown the given items:
Initial Balance: $1,226.14
Additional deposit: $72.15
Interest: $5.79

Adding the following will be: $1,226.14 + $72.15 + $5.79 = $1,304.08
Tim Worker will have a new balance of $1,304.08 in his bank account.
Hope this helps.