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

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.