You open a new bank account by depositing $205. You then write checks for $37, $42, and $61, followed by a deposit of $58. What is your new balance?
A)$329
B)$133
C)$123
D)$143

Question

Quizplus · Accepted Answer

To find the new balance, we must subtract the total amount of checks from the initial deposit and add any subsequent deposits.

$205 (initial deposit) - $37 (first check) - $42 (second check) - $61 (third check) + $58 (subsequent deposit) = $123.

Therefore, the new balance is $123. Choice (C) is the correct answer.

You Open a New Bank Account by Depositing $205