Answer to Question #238661 in Financial Math for Ninzuhjok

Question

Steven had a balance of $1,200 in his first state bank checking account. He deposits a $387.89 paycheck, a $437.12 dividend check, and a personal check for $250 into his account. He wants to receive $400 in cash. How much will he have in his account after the transaction?

Answer 1

Solution:

Steven will have in his account after the transaction

$=1200+387.89+437.12+250-400 \\=\$1875.01$