Question

Over the last 3 months, you deposited $600 each month into your business checking account. During that time, you withdrew $1,208.23 to make purchases. What is the net change in your account balance?

Options:
a. –$3,008.23
b. –$608.23
c. $591.77
d. $1,808.23
e. $3,008.23

Answer 1

Over three months, $1800 was deposited in total, and $1208.23 was withdrawn. The net change in the account balance is $591.77.

Step-by-step explanation:

To find the net change in the account balance, we start by calculating the total deposits over the last 3 months:

• $600 per month × 3 months = $1800 total deposited

Next, we subtract the total amount withdrawn:

• $1800 total deposited - $1208.23 withdrawn = $591.77 net change

Therefore, the net change in the account balance is $591.77, which corresponds to option c.