Question

The beginning balance in a person's savings account was 3300 dollars. After making a withdrawal of 350 dollars but earning interest of 12 dollars, what was the new balance in the account?

Answer 1

If the beginning balance is 3300 dollars.

A withdrawal from the savings is less of the beginning balance.

The earning of interest on the saving is the addition of the interest to the balance.

If A is the beginning balance, B is the withdrawal, and C is the interest. The new balance would be

`A-B+C`

With a withdrawal of 350 dollars and interest of 12 dollars, the new balance in the account would be

`3300-350+12`
`\begin{gathered} =2950+12 \\ =2962 \end{gathered}`

Hence, the new balance in the account is 2,962 dollars