Question

At the beginning of the month, Sarah had 600 in her bank account. Within the month she made two deposits of and She also made three withdrawals 100, , and 20. How much was in her account at the end of the month?

Answer 1

At the end of the month she has $578

Explanation:

Given

Required

The balance at month end

Deposits simply means adding cash to the account and it has a very simple interest. So, we add .

While Withdrawal taking money out of the account. So, we subtract.

So, we have:

Hence, at the end of the month she has $578