Question

Pedro Romar's savings account statement shows a previous balance of $895.00 and $3.50 in interest. He made a deposit of $210.00 and had a withdrawal of $20.50. What is his new balance?

а. $1,088.00

b.$1,088.50

c. $1,098.00

d. $1,098.50

Answer 1

Answer: A

Step-by-step explanation: To find Pedro Romar's new balance, we need to add his previous balance and the interest to the deposit, and then subtract the withdrawal. This gives us $895.00 + $3.50 + $210.00 - $20.50 = $1,088.00. Therefore, the correct answer is $1,088.00 or option (a).