Question

Lana's checking account had a starting balance of $1185.63. She wrote a check for $57.00 for groceries and a check for $525.00 for a car payment. Yesterday she deposited $57.25 in her checking account. What is Lana's current balance?

Question 3 options:

A)

$603.63

B)

$796.38

C)

$554.26

D)

$660.88

Answer 1

To find Lana's current balance, we start with her initial balance and account for the checks she wrote and the deposit she made.

1. Starting balance: **$1185.63**

2. Subtract the checks she wrote:
- Check for groceries: **$57.00**
- Check for car payment: **$525.00**

Total amount subtracted for the checks:
\[
57.00 + 525.00 = 582.00
\]

Now, subtract that amount from the starting balance:
\[
1185.63 - 582.00 = 603.63
\]

3. Now add the deposit she made:
- Deposit: **$57.25**

So, we add this deposit to the current balance:
\[
603.63 + 57.25 = 660.88
\]

Thus, Lana's current balance is **$660.88**.

The answer is **D) $660.88**.