Question

At the start of the month, Stephen’s savings account had a balance of $1,624. He made a $420 withdrawal each week for four weeks. During that month, he also made two deposits of $600 each and one deposit of $1,000. What was the balance in Stephen’s account at the end of the month?

Answer 1

His balance was 1624 and he made a withdrawal of 420 each week for four weeks (420 x 4) = 1680. Beginning balance (1624 - 1680) - total of withdrawals equals $-44.00.
$-44.00 + 600 + 600 + 1,000 = $2,156 as the balance in his account at the end of the month.

Answer 2

Answer: $2,144

Step-by-step explanation:

1. Add up all the deposits and the savings account: 1,624+600+600+1,000=3,824

2. Multiply 420 by 4 because he spent $420 each week for 4 weeks: 420x4=1,680

3. Subtract 1,680 from 3,824 to find out how much money he has left. 3,824-1680=2,144.

So Stephen's balance is $2,144 at the end of the month.