Question

Ray had a balance of $145 in his bank account. He then spent $15 for stationery, $50 for food, and $60 for gas. Now he has a balance of $20. After spending money on stationery, food, and gas, Ray has a balance of _______.

Answer 1

After subtracting the expenses for stationery, food, and gas from his initial balance of $145, Ray has a final balance of $20 in his bank account.

Step-by-step explanation:

To check your account balance at an ATM, insert your debit or ATM card, enter your Personal Identification Number (PIN) and select “balance inquiry” or a similar option. Your account balance will be displayed on the screen, along with any recent transactions. Ray initially had a balance of $145 in his bank account. After spending money on various expenses such as stationery, food, and gas, we need to subtract these amounts from his starting balance to determine his final balance.

The total amount spent is calculated by adding the cost of stationery ($15), food ($50), and gas ($60), which equals $125 in total expenditures. To find Ray's final balance, we subtract the total expenses from his starting balance: Starting Balance: $145. Total Expenses: $15 + $50 + $60 = $125. Final Balance: $145 - $125 = $20. Therefore, after spending money on stationery, food, and gas, Ray has a final balance of $20 in his bank account.