On Wednesday, the balance in Diego's checking account was $204.30. On Thursday, Diego made a deposit of $87.21 and a withdrawal of $50.99. On Friday, Diego moved

Question

1
4
of the money in his checking account to his savings account. How much money is in Diego's checking account at the end of the day Friday?

A.
$60.13

B.
$126.06

C.
$180.39

D.
$240.27

Answer 1

Let's calculate how much money Diego has in his checking account at the end of the day on Friday step-by-step.

1. Starting balance on Wednesday: $204.30

2. Deposits and withdrawals on Thursday:

   • Deposit: $87.21
   • Withdrawal: $50.99

   New balance on Thursday: \[ 204.30 + 87.21 - 50.99 = 240.52 \]

3. Moving money to savings account on Friday:

   • Amount moved: \( \frac{1}{4} \) of the checking account balance.

   First, calculate \( \frac{1}{4} \) of $240.52: \[ \frac{1}{4} \times 240.52 = 60.13 \]

   Now, subtract this amount from the checking account balance to find the ending balance: \[ 240.52 - 60.13 = 180.39 \]

Therefore, the amount of money in Diego's checking account at the end of the day Friday is $180.39.

Thus, the correct answer is C. $180.39.