Question

The table shows four account transactions. Find the account balance after the transactions when the account started with a balance of $55withdrawal $-25deposit$125withdrawal - $50deposit$25

Answer 1

The account balance after all the transactions is $130.

Explanation

Before we go into the calculations, it should be noted that

- The initial account balance is the initial amount in the account.

- A withdrawal indicates money coming out of the account.

- A deposit indicates that money is entering the account.

- The account in the question started with a balance of $55.

Account Balance = $65

- A withdrawal of $25 is made.

Account Balance = $55 - $25 = $30

- A deposit of $125 is made.

Account Balance = $30 + $125 = $155

- A withdrawal of $50 is made.

Account Balance = $155 - $50 = $105

- Finally, a deposit of $25 is then made.

Account Balance = $105 + $25 = $130

Therefore, the account balance after all the transactions is $130.

Hope this Helps!!!