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Richard’s checking account balance was $57.34 at the beginning of the week. During the week, he recorded the transactions below.
A 2-column table with 4 rows. Column 1 is labeled Transaction with entries groceries, credit card bill, deposit, gas. Column 2 is labeled Amount with entries negative 25.37, negative 50, 163.75, negative 13.27.
What was Richard’s account balance at the end of the week?

$

Respuesta :

Richard’s account balance at the end of the week is $ 132.45

What is Account Balance ?

The amount of money in a person's bank account is called the account balance of that person

It is given that

Account balance of Richard’s at the beginning of the week = $57.34

Deposits in the week  : $ 163.75

Expenses in the week : Groceries + Credit card bill + Gas

Total Expenses in the week = 25.37 + 50 + 13.27

                                               = $ 88.64

The Richard’s account balance at the end of the week = Account Balance +Total Deposits - Total Withdrawals

= 57.34 + 163.75 - 88.64

Therefore , Richard’s account balance at the end of the week is $ 132.45.

To know more about Account Balance

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