You start with $600 in your checking account. You write a check for $200 and then deposit $100. You check the bank’s app, and it says you have $400. By how much is the bank’s balance shown in the app off?(1 point)

Question

Responses

It is $100 too high.
It is $100 too high.

It is $200 too high.
It is $200 too high.

It is $100 too low.
It is $100 too low.

It is $200 too low.

Answer 1

Let's break down the transactions step by step:

1. You start with $600.
2. You write a check for $200, which subtracts $200 from your balance: \[ 600 - 200 = 400 \]
3. You then deposit $100, which adds $100 to your balance: \[ 400 + 100 = 500 \]

So, after these transactions, your expected balance should be $500. However, the bank's app shows you have $400.

To find out how much the bank's balance shown in the app is off, we calculate the difference between your expected balance ($500) and the balance shown in the app ($400):

\[ 500 - 400 = 100 \]

The bank's balance is off by $100, and since it shows a lower amount, the response is:

It is $100 too low.