Question

Anna has an online checking account at Sin City Bank. Her balance at the beginning of February was $4,195.65. During the month, she made deposits totaling $6,395.22, wrote checks totaling c dollars, was charged a maintenance fee of $10, and earned $6.15 in interest. Her balance at the end of the month was $5,200. What is the value of c?

a) $5,200.60
b) $5,205.00
c) $5,194.72
d) $5,194.78

Answer 1

To find the value of checks written by Anna (c), the initial balance, deposits, maintenance fee, interest, and final balance must be considered in the calculation. After performing the calculation, the value of c is found to be $5,387.02, which does not match any of the provided options, implying a potential error in the question or options.

Step-by-step explanation:

To resolve this, Going through the calculation , we get:

1. $4,195.65 + $6,395.22 = $10,590.87.
2. $10,590.87 - $10 - $5,200 + $6.15 = c.
3. $10,590.87 - $5,210 = $5,380.87.
4. $5,380.87 + $6.15 = $5,387.02.

Now we see that the correct value of c is $5,387.02, but this number is not found in the provided options, meaning there may have been an error in the question or the options given.