Question

Raoul’s savings account must have at least $500, or he is charged a $4 fee. His balance was $716.23, when he withdrew $225. What was his balance?

Answer 1

After Raoul withdrew $225 from his initial balance of $716.23, his balance dropped to $491.23. As this is below the $500 threshold, a $4 fee is applied, leaving his final balance at $487.23.

Step-by-step explanation:

The question is about calculating the new balance in Raoul's savings account after making a withdrawal. To find the balance, subtract the withdrawal amount from the initial balance. Raoul's initial balance was $716.23, and he withdrew $225. Therefore, the calculation to determine the balance is:

$716.23 - $225 = $491.23

Since his balance is now below $500, we must also account for the $4 fee charged by the bank. The final balance after accounting for the fee is:

$491.23 - $4 = $487.23