Patty's starting balance: $740.50
Add her paycheck deposit: + $325.00
Subtract her nonbank ATM withdrawal: - $75.00
Subtract her charitable donation check: - $25.00
Subtract her savings account transfer: - $100.00
Subtract the monthly checking fee: - $10.00
740.50 + 325.00 - 75.00 - 25.00 - 100.00 - 10.00 = $855.50
Therefore, Patty's checking account balance at the end of the month is $855.50, which is closest to answer choice B, $853.
12. Patty has a checking account at a local bank
where the monthly checking fee is $10, including
any checks she writes. Nonbank ATM withdrawals
cost $2.50. At the beginning of the month, Patty’s
checking account balance was $740.50. She
deposited $325 from her job and withdrew $75 in
cash from a nonbank ATM. She wrote a check for
$25 to donate to a local charity and transferred
$100 to her savings account. What is Patty’s
checking account balance at the end of the month?
A $955 C $745
B $853 D $685
1 answer
1 answer