Answer to Question #238666 in Financial Math for Evlyn Namelo

Question

Gary and Ann have a joint account. Their balance at the beginning of October was $9,145.87. During the month they made deposits totaling $2,783.71, wrote checks totaling $4,871.90, paid a maintenance fee of $12, and earned $11.15 in interest on the account. What was the balance at the end of the month?

Answer 1

Consider the problem Gary and Ann have a joint checking account. Their balance at the beginning of October was $9,145.87. During the month they made deposits totaling $2,783.71, wrote checks totaling $4,871.90, paid a maintenance fee of $12, and earned $11.15 in interest on the account. What was the balance at the end of the month?

To find the balance at the end of the month, complete all mathematical operations:

$9,145.87 + $2,783.71 - $4,871.90 - $12 + $11.15 = $7,056.83

Hence, the balance at the end of the month Gary and Ann is $7056.83.