Solve.
-A checking account had a beginning balance of $1259. A deposit was made in the amount of $1383. Every month for 5 months $75 was withdrawn. How much money was left in the account at the end of the 5 months?
A) $2567
B) $1008
C) $375
D) $2267

Question

Quizplus · Accepted Answer

The initial balance in the account is $1259.
A deposit of $1383 was made, so the new balance is:
$1259 + $1383 = $2642
Every month for 5 months, $75 is withdrawn for a total of:
5 x $75 = $375
So, the ending balance in the account will be:
$2642 - $375 = $2267
Therefore, the answer is choice D. The initial balance was $1259 and $1383 was deposited, so the balance became:
$1259 + $1383 = $2642
Then, $75 was withdrawn every month for 5 months, so $75 x 5 = $375 was withdrawn in total.
Therefore, the ending balance is:
$2642 - $375 = $2267
Therefore, the answer is D) $2267.

Solve. -A Checking Account Had a Beginning Balance of $1259. a a Deposit