Question

Steve had $140.50 dollars. He loaned $50 dollars to a friend, spent $31.25 dollars, and received his $80.75 dollars paycheck from work. How much money does he have now? Show your work

Answer 1

Steve has a total of $140.

Explanation:

At first, we know that Steve has $140.50. Next, he loaned $50 to a friend. This tells us that this money went out of his account.

140.50 - 50 = $90.50

So now, Steve has only $90.50 left.

Then, he spent $31.25. This also tells us that his went out of his account, so we must subtract it.

90.50 - 31.25 = $59.25

Now, Steve has $59.25 left.

Finally, Steve received an $80.75 paycheck from work. This tells us that this money went in to his account.

59.25 + 80.75 = $140

Therefore, Steve now has a total of $140.