Question

Richard’s checking account balance was $57.34 at the beginning of the week. During the week, he recorded the transactions below.

A 2-column table with 4 rows. Column 1 is labeled Transaction with entries groceries, credit card bill, deposit, gas. Column 2 is labeled Amount with entries negative 25.37, negative 50, 163.75, negative 13.27.

What was Richard’s account balance at the end of the week?

Answer 1

132.45

Explanation:

Answer 2

Richard’s account balance at the end of the week = US$ 132.45

Explanation:

1. Let's review the information provided to us to answer the question correctly:

Richard’s checking account balance at the beginning of the week = $57.34

2. What was Richard’s account balance at the end of the week?

Deposits of the week = US$ 163.75

Expenses of the week = Groceries + Credit card bill + Gas

Expenses of the week = 25.37 + 50 + 13.27

Expenses of the week = US$ 88.64

Richard’s account balance at the end of the week = Richard’s checking account balance at the beginning of the week + Deposits of the week - Expenses of the week

Replacing with the real values:

Richard’s account balance at the end of the week = 57.34 + 163.75 - 88.64

Richard’s account balance at the end of the week = US$ 132.45