Question

Kenneth has entered a check payment of $350.25 in his checkbook. If the old balance was $545.95, what is his latest balance?

A.)$896.25
B.)$195.70
C.)$195

Answer 1

The correct option is B.

Explanation:

The old balance of kenneth's checkbook was $545.95.

Kenneth has entered a check payment of $350.25 in his checkbook.

It means the balance of checkbook is reduced by $350.25.

The latest balance of check book is

`\$545.95-\$350.25=\$195.70`

Therefore the latest balance of kenneth's check book is $195.70. Option B is correct.