Question

8. The table shows four transactions (in dollars) for a bank account. The balance

before the transactions was $89.50. What is the balance after the transactions?
Show your work
Date
Transaction Type
Deposit Withdrawal
17.25
11/4
11/4
11/7
35.90
10.77
11/11
3.02
Step by step pls

Answer 1

Our starting value: $89.50.

Deposits means putting money in the account, so money will increase.

Withdrawal means that you are depleting the account, so money will decrease.

1. 11/4 - Deposited $17.25

So you will add $89.50 + $17.25 = $106.75

2. 11/4 = Withdrawal $35.90

So you will subtract $106.75 - $35.90 = $70.85

3. 11/7 - Deposit $10.77

So you will add $10.77 + $70.85 = $81.62

4. 11/11 - Withdrawal of $3.02

So you will now subtract $81.62- $3.02 = $78.60

$78.60 is our final balance! I hope this helps!