Question

Juan has a checking account at Central City Bank. During the month of September, he made deposits

totaling $1,970 and made withdrawals and payments totaling $510. He paid a maintenance fee of $15 on
his account. His balance at the end of September was $3,275.
What was her balance at the beginning of September?

Answer 1

To find Juan's balance at the beginning of September, you can use the following equation:

Beginning Balance + Deposits - Withdrawals and Payments - Maintenance Fee = Ending Balance

Let B represent the beginning balance:

B + $1,970 - $510 - $15 = $3,275

Now, let's solve for B:

B + $1,970 - $510 - $15 = $3,275

B + $1,445 = $3,275

Subtract $1,445 from both sides to find the beginning balance:

B = $3,275 - $1,445

B = $1,830

Juan's balance at the beginning of September was $1,830.