Question

LYour paycheck, which totals $416.78, is directly deposited into your

checking account bi-weekly. During a four-week period, you automatically
pay $90.52 to the electric company, $306.25 for a car payment, and
$134.87 for cable. How much do you have left after you pay these bills?

Answer 1

• $301.92

Explanation:

Assume you initial balance was zero.

Added in 4 weeks:

• 416.78*2 = 833.56

Deducted:

• 90.52 + 306.25 + 134.87 = 531.64

Balance after payments:

• 833.56 - 531.64 = 301.92