Question

LaToya has $113.94 in her checking account. During the week, she goes to an ATM and withdraws $40. She is charged a usage fee of $2.50. The following week she deposits her paycheck of $189.73. She writes two checks, one for $22.50 and the other for $70.18. What is the current balance in her checking account?

Answer 1

To calculate LaToya's current balance, let's start with her initial balance of $113.94. She then withdraws $40 from an ATM, which incurs a usage fee of $2.50. So, we subtract $40 and $2.50 from her balance:

$113.94 - $40 - $2.50 = $71.44

The following week, she deposits her paycheck of $189.73. Adding this deposit to her balance:

$71.44 + $189.73 = $261.17

Next, she writes two checks: one for $22.50 and the other for $70.18. Subtracting these amounts from her balance:

$261.17 - $22.50 - $70.18 = $168.49

Therefore, the current balance in LaToya's checking account is $168.49.