Question

Jeremy’s bank account started at a balance of $124 this week. Since then, he wrote a check, which decreased his balance by $147. Jeremy was then charged an overdraft fee, decreasing his balance by $32. Finally, he deposited a paycheck, which increased his balance by $567. What is Jeremy’s ending balance after these transactions, in dollars?

Answer 1

$512

Explanation:

His bank account started at a balance of $124.

He wrote a check, which decreased his balance by $147. His new balance is:

124 - 147 = -$23

Jeremy was then charged an overdraft fee, decreasing his balance by $32. That is:

-23 - 32 = -$55

He deposited a paycheck, which increased his balance by $567. His account balance will become:

-55 + 567 = $512

His account balance after those transactions is $512.