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? $896.25 $195.70 $195

Answer 1

The correct answer is $195.70

Explanation:

Old balance: $545.95

Kenneth entered a check payment for $350.25, thus reducing the balance by $350.25

So, you subtract $350.25 from $545.95

This gives you $195.70

Answer 2

What i think is that if you have a bill (or in this case Kenneth) then you would have to pay it back with a check. thus, from your total balance, the check would make sure that that amount will be deducted from the total balance. Thus, i would do 545.95-350.25