Question

Sally received a bank account statement showing an overall increase in her balance of $5,930.73. During the time on the statement, she was paid three times and withdrew a total of $1,207.56 to cover bills and expenses. How much is each of Sally's paychecks?

A. $1,907.56
B. $2,000.00
C. $2,079.57
D. $2,077.00

Answer 1

To find out how much each of Sally's paychecks is, subtract the total amount she withdrew from the overall increase in her balance. Divide the remaining amount by the number of paychecks she received.

Step-by-step explanation:

To find out how much each of Sally's paychecks is, we need to subtract the total amount she withdrew to cover bills and expenses from the overall increase in her balance. The overall increase in her balance is $5,930.73 and she withdrew a total of $1,207.56. So, her paychecks add up to $5,930.73 - $1,207.56 = $4,723.17. Since she was paid three times, we can divide the total amount by 3 to find out how much each paycheck is: $4,723.17 ÷ 3 = $1,574.39.