On April 1, Martha opens a joint bank account with Ned and deposits $1,000. Ned deposits $500 into the account on April 2. On May 2, Martha withdraws $750. Two days later, Ned withdraws $600.

Question

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Martha initially deposited $1,000, and Ned deposited $500. When Martha withdrew $750, $250 of her initial deposit remained. Ned then withdrew $600, which means he withdrew $100 more than his deposit, effectively receiving a $100 gift from Martha.

On April 1, Martha Opens a Joint Bank Account with Ned