Question

a A trader opens a bank account with #250 000. In one month, she pays out two cheques for #49 000 and 34 000 and pays in one cheque for N14000. How much money does she have in her account after one month?​

Answer 1

Answer: #181000

Explanation:

So, to solve the problem, recall these definitions:

payout - withdrawal

pay in - deposits.

Normally, deposits add money to your balance, and withdrawals take out money.

So, there is one cheque for paying in 14,000, and two cheques for paying out 49,000 and 34,000

So, the balance is 250000 + 14000 - (49000+34000)

The balance is 181,000