Question

Ryan has $129 in his checking account. He writes a check for $111, makes a deposit of $40, and then writes another check for $85. What is the balance of his account now?

a) $93
b) $83
c) $83
d) $103

Answer 1

After calculating the transactions sequentially, Ryan's checking account would be overdrawn by $27. Therefore, none of the provided answer options are correct.The correct option is d) -$27

Step-by-step explanation:

The question is about calculating the balance of Ryan's checking account after a series of transactions. To find out the final balance, we use the initial amount and apply each transaction step by step.

1. Start with Ryan's initial balance: $129.
2. Subtract the amount of the first check he writes: $129 - $111 = $18.
3. Add the deposit Ryan makes: $18 + $40 = $58.
4. Subtract the amount of the second check he writes: $58 - $85. Since this amount exceeds the balance, Ryan would overdraft his account by $27.

Based on these transactions, his account balance would be overdrawn, which means none of the provided answer options (a) $93, (b) $83, (c) $83, or (d) $103 are correct.The correct option is d) -$27