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Example 1 Allison currently has a balance of $2,300 in her checking account. She deposits a $425.33 paycheck, a $20 rebate check, and a personal check for $550 into her checking account. She wants to receive $200 in cash. How much will she have in her account after the transaction? step by step ​

User S Singh
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2 Answers

17 votes
17 votes

Answer:

$1955.33 left in her account

Explanation:

2300+425.33-20-550=2155.33-200=

User Makach
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16 votes
16 votes

Let's break this down:

1. Start off by calculating the total amount that Allison is depositing into her account. She deposits a paycheck of $425.33, a rebate check of $20, and a personal check of $550 to her account. The total deposit can be calculated by adding all of these amounts together:
- 425.33 (paycheck)
- + 20 (rebate)
- + 550 (personal check)
- The total amount deposited is $995.33.

2. Now, let's find out the new balance in her account after these deposits. She initially had $2,300 in her account, so you would add the total deposit amount to this initial balance:
- 2300 (initial balance)
- + 995.33 (total deposit)
- Therefore, the new balance after the deposits is $3295.33.

3. Next, Allison wants to receive $200 in cash. This means she is withdrawing $200 from her account. To find out how much she will have left after this withdrawal, subtract this amount from the new balance.
- 3295.33 (new balance)
- - 200 (cash received)
- The final balance in Allison's account after all of these transactions is $3095.33.

So, Allison will have a final balance of $3095.33 after she deposits her paycheck, the rebate check, the personal check, and receives $200 in cash.

User Martin Paljak
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