Question

last month you had an outstanding check of $87.90 that had not yet been cashed, so it did not show up on your statement. This month, you wrote checks totaling $379.42. You made one deposit of $100, and you withdrew $60 from an ATM. If the check from last month was cashed and recorded on your statement, and if the bank paid $0.23 in interest, then by how much did your account balance change this month?

Answer 1

Explanation:

Deposit made = + $ 100 . 00

withdrawal made = - $ 60 .00

check of last month encashed = - $ 87 . 90

interest paid by bank = + $ 00 . 23

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Net effect = - $ 47.67

the account balance reduces by amount = $ 47.67