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1 vote
Find the new balance in each problem.

19. Your balance on May 20 was $189.75,
and you made a $112.45 deposit on
May 22. On May 29, you wrote a $75.68
check, and on June 1, you made an
ATM withdrawal of $50.00.

User JesuLopez
by
8.9k points

1 Answer

6 votes

Answer:

To find the new balance, we'll start with the initial balance on May 20 and then perform the transactions in chronological order.

Explanation:

Initial balance on May 20: $189.75

Deposit on May 22: +$112.45

To calculate the balance after the deposit, we add the deposit amount to the initial balance:

New balance after deposit = $189.75 + $112.45 = $302.20

Check written on May 29: -$75.68

To calculate the balance after writing the check, we subtract the check amount from the previous balance:

New balance after check = $302.20 - $75.68 = $226.52

ATM withdrawal on June 1: -$50.00

To calculate the final balance after the ATM withdrawal, we subtract the withdrawal amount from the previous balance:

Final balance after ATM withdrawal = $226.52 - $50.00 = $176.52

Therefore, the new balance after all the transactions is $176.52.

User Brovar
by
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