You start with $500 in your checking account. Then you deposit $200 and write a check for $100. What is your current balance?(1 point)

Question

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Answer 1

To calculate your current balance, start with the initial amount in your checking account, then add the deposit and subtract the check written.

1. Start with $500.
2. Deposit $200: \[ 500 + 200 = 700 \]
3. Write a check for $100: \[ 700 - 100 = 600 \]

Your current balance is $600.