Question

At the beginning of the month, Nicole’s bank balance was $375.38. During the month, she spent the following amounts: $174.89, $68, and $57.76. She made deposits of $100 and $65. Find her bank balance at the end of the month.

Answer 1

Nicole's bank balance at the end of the month is $239.73.

Explanation:

Nicole's bank balance at the end of the month can be calculated by subtracting her expenses and adding her deposits to her initial balance:

Initial balance: $375.38

Expenses: $174.89 + $68 + $57.76 = $300.65

Deposits: $100 + $65 = $165

Final balance = Initial balance - Expenses + Deposits

Final balance = $375.38 - $300.65 + $165

Calculate the final balance:

Final balance = $239.73

Nicole's bank balance at the end of the month is $239.73.