Question

The table shows the balance (in dollars) of a bank account each month for three months. What is the average balance of the account?

Answer 1

$1,126.37

Step-by-step Explanation:

Given:

Account balance for:

Month 1 = $1285.12

Month 2 = $961.36

Month 3 = $1132.63

Required:

Average balance of account

SOLUTION:

Average balance of account = sum of account balance for the 3 months ÷ 3

Average balance of account =

Average balance of account =

Average balance of account =

Answer 2

$1,126.37

Explanation:

Given:

Account balance for:

Month 1 = $1285.12

Month 2 = $961.36

Month 3 = $1132.63

Required:

Average balance of account

SOLUTION:

Average balance of account = sum of account balance for the 3 months ÷ 3

Average balance of account =
`(1285.12 + 961.36 + 1132.63)/(3)`

Average balance of account =
`(3,379.11)/(3)`

Average balance of account =
`1,126.37`