question * grahams monthly bank statement showed the following deposits and withdrawals: -$25.20, $52.75…

question * grahams monthly bank statement showed the following deposits and withdrawals: -$25.20, $52.75, -$22.04, -$8.50, $94.11 if grahams balance in the account was $47.86 at the beginning of the month, what was the account balance at the end of the month?

question * grahams monthly bank statement showed the following deposits and withdrawals: -$25.20, $52.75, -$22.04, -$8.50, $94.11 if grahams balance in the account was $47.86 at the beginning of the month, what was the account balance at the end of the month?

Answer

Explanation:

Step1: Define the initial balance

Initial balance = $47.86

Step2: Add all the transactions

[ \begin{align*} \text{Total transactions}&=- 25.20 + 52.75-22.04 - 8.50+94.11\ &=(-25.20-22.04 - 8.50)+(52.75 + 94.11)\ &=-55.74+146.86\ &=91.12 \end{align*} ]

Step3: Calculate the final balance

Final balance = Initial balance+Total transactions = $47.86 + 91.12=$138.98

Answer:

$138.98