Question

Bill has $270.61 in his account before making any transactions. Over the course of a week, Bill makes the following transactions:

Transaction
Debit ($)
Credit ($)
Paycheck
---
535.67
Electric bill
112.53
---
Groceries
90.79
---
Savings bond
---
50.00
Car payment
225.65
---

At the end of the week, how much money is in Bill’s account?
a.
$518.10
b.
$156.70
c.
$427.31
d.
$608.89

Answer 1

Start with $270.61. Add credits and subtract debits:

270.61 + 535.67 − 112.53 − 90.79 + 50.00 − 225.65 = 427.31

Answer: c. $427.31