Question

Emilio’s checking account had a balance of 728.32 at the beginning of the week. He wrote checks for the following amounts throughout the week: $99.48, $33.50, $18.23, and $72.05. He also deposited his paycheck in the amount of $1,109.90. What is his account balance at the end of the week?

(1 point)
Responses

$1,192.35

$1,192.35

$1,222.86

$1,222.86

$1,540.52

$1,540.52

$1,614.96

Answer 1

To find Emilio's account balance at the end of the week, we will start with his initial balance and then account for the checks he wrote and the paycheck he deposited.

1. **Starting Balance**: $728.32
2. **Total Amount of Checks Written**:
- $99.48
- $33.50
- $18.23
- $72.05

Let's sum these amounts:
\[
99.48 + 33.50 + 18.23 + 72.05 = 223.26
\]

3. **Deposit Amount (Paycheck)**: $1,109.90

4. **Calculate New Balance**:
- First, subtract the total checks from the starting balance:
\[
728.32 - 223.26 = 505.06
\]
- Then, add the paycheck deposit:
\[
505.06 + 1,109.90 = 1,614.96
\]

Thus, Emilio's account balance at the end of the week is **$1,614.96**.