Question

Tim Walker went to his bank. He deposited $47.75 and the teller credited $2.79 to his account for interest. If Tim's initial balance was $226.85, what will his new balance be?

Answer 1

The answer is $277.39 because you just add them all up.

Answer 2

$277.39

Explanation:

Initial balance of Tim Walker's account = $226.85

He deposited amount = $47.75

So, new balance = $226.85+ $47.75

= $274.6

Now we are given that he teller credited $2.79 to his account for interest.

Since the amount is credited .

So, $ 2.79 will be added to the balance .

So, New balance = $274.6+$2.79 = $ 277.39

Hence His new balance will be $277.39