Question

Abigail's monthly bank statement showed the following deposits and withdrawals:$51.24, - $60.15, $55.34, $31.17, -$98.34If Abigail's balance in the account was $83.98 at thebeginning of the month, what was the account balance at theend of the month?

Answer 1

hello

to solve this problem, we should understand that deposits indicates a positive remark on the account and withdrawals indicates a negative remark on the account

at the beginning of the month, her account was $83.98

however, she made a series of withdrawals and it would reflect in her account as

$83.98-51.24-60.15=-27.41$

she made two withdrawals which were $51.24 and $60.15 which made her account to become $-27.41

she also made some deposits of $55.34 and $31.17

her statement of account would now become

$-27.41+55.34+31.17=59.1$

her statement of account is $59.1 at this point

she finally made a withdrawal of $98.34

her account would becomes

$59.1-98.34=-39.24$

at the end of the moment, her account balance would become -$39.24