On Sunday, Diego's checking account balance was $675.90. On Monday, he deposited

Question

$200.00 and made a withdrawal of $125.45. On Tuesday, he transferred 20% of the
money in his checking account to his savings account. How much money is left in
Diego's checking account after the transfer?
A. $571.36 B. $600.36 C. $611.45 D.625.36

Answer 1

To find out how much money Diego has left in his checking account after the transactions, let's break it down step-by-step:

1. Starting Balance (Sunday):

   • $675.90

2. Deposit (Monday):

   • Diego deposits $200.00.
   • New balance = $675.90 + $200.00 = $875.90

3. Withdrawal (Monday):

   • Diego withdraws $125.45.
   • New balance = $875.90 - $125.45 = $750.45

4. Transfer to Savings (Tuesday):

   • Diego transfers 20% of the current balance to his savings account.
   • Amount transferred = 20% of $750.45 = 0.20 × $750.45 = $150.09

5. Final Balance in Checking Account:

   • New balance = $750.45 - $150.09 = $600.36

Therefore, the amount of money left in Diego's checking account after the transfer is $600.36.

So, the correct answer is B. $600.36.