Question

Carol has a balance of $520 in her checking account. She writes three

checks each for $120 from the account. She also deposits 2 paychecks for
$240 each. What is her balance now?
w
dealer in
stail

Answer 1

$640

Explanation:

3 checks at $120 each = 3 x 120 = $360

This will reduce the balance so we should treat it as -360

2 paychecks at 240 = 2 x 240 = $480

This will increse the balance so we should treat it as +480

Net balance = 520 - 360+480=640

Balance = $640