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

`Start\ balance = 600`

`Deposits=50; 100; 48`

`Withdrawal: 100; 20; 100`

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:

`Month\ end = Start\ balance + Deposits + Withdrawal`

`Month\ end = 600 + [50 + 100 + 48] - [100 + 20 + 100])`

`Month\ end = 600 + 198 - 220])`

`Month\ end = 578`

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