At the beginning of this month, the balance of Reed's checking account was $692.35. So far this month, he has received a paycheck via direct deposit of $893.71, been charged a monthly service fee from his bank of $15.00, used a debit card linked to his account to make a purchase of $44.74, written a check for $191.28 that has already been deposited, and deposited a check written to him for $59.97. What is the current balance of Reed's checking account?

A. $1410.01 B. $1395.01 C. $702.66 D. $1657.63

Question

Computers & Technology

Averi Barajas

11 July, 08:21

At the beginning of this month, the balance of Reed's checking account was $692.35. So far this month, he has received a paycheck via direct deposit of $893.71, been charged a monthly service fee from his bank of $15.00, used a debit card linked to his account to make a purchase of $44.74, written a check for $191.28 that has already been deposited, and deposited a check written to him for $59.97. What is the current balance of Reed's checking account?

A. $1410.01 B. $1395.01 C. $702.66 D. $1657.63

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Answers (1)

Know the Answer?

Darius Savage · Answer 1

The correct answer would be B, $1,395.01.

Here is the solution:

$692.35 + $893.71 = $1,586.06

$1,586.06 - $15 = $1,571.06

$1,571.06 - $44.74 = $1,526.32

$1,526.32 - $191.28 = $1,335.04

$1,335.04 + $59.97 = $1,395.01