Question

You started the month with $52 in your bank account. This month you made deposits of $8, $12 and $5. You also made withdrawals of $6, $20 and $4. How much money do you have now?

Answer 1

Answer:

$47

Step-by-step explanation:

Making a deposit is adding money to your bank account, so you added a total of 8+12+5=$25 to your account.

Withdrawals are when you take money out of your account, so you took a total of 6+20+4=$30 from your account.

This means that you now have 52+25-30=$47.

Answer 2

Answer:  $47

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Explanation:

A = total deposits = 8+12+5 = 20+5 = 25 dollars

B = total withdrawals = 6+20+4 = 26+4 = 30 dollars

C = net change = A - B = 25 - 30 = -5

The negative net change means that you took more money out than you deposited. Therefore, your account balance goes down by that amount mentioned in variable C.

You started with $52, so your balance drops to 52-5 = 47 dollars

Here is another way to calculate the answer:

52+8+12+5-6-20-4 = 47