Question

Jasmine's bank statement showed the following deposits and withdrawals during a 30-day month: $2400, $385, $-940 if her balance at the beginning of the month was $40,250 what was her balance at the end of the month?

Answer 1

balance at the end of the month =38,405 $

What is withdrawal in bank?

• A withdrawal involves removing funds from a bank account, savings plan, pension or trust.
• Some accounts don't function like simple bank accounts and carry fees for the early withdrawal of funds.

What is deposited money?

• A deposit is money you put into your bank account. You should deposit money in a bank to create savings and earn interest on it.
• A demand deposit is made for funds you can withdraw anytime. A time deposit is a long-term investment.

Jasmin's bank withdrawals = $2400 + $385 + $(-940)

                                             = 1,845

Total balance at the beginning of month = 40,250

 balance at the end of the month = 38,405 $

Learn more about withdrawal

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