Question

Edward opened a bank account. He deposited $80 each month for 10 months. His bank charged him $4 each month to use the account. How much money is in Edward's account after 10 months?

Options:
a) $760
b) $840
c) $40
d) $76

Answer 1

To find the amount of money in Edward's account after 10 months, we subtract the bank charges from the total amount he deposited.

Step-by-step explanation:

To find out how much money is in Edward's account after 10 months, we need to calculate the total amount he deposited and subtract any charges from the bank.

Edward deposited $80 each month for 10 months, so the total amount he deposited is $80 x 10 = $800.

The bank charged him $4 each month for 10 months, so the total amount charged is $4 x 10 = $40.

To find the amount in Edward's account after 10 months, we subtract the charges from the total amount deposited: $800 - $40 = $760.