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

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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

To find out how much money is in Diego's checking account at the end of the day Friday, we can follow these steps:

1. Starting Balance on Wednesday: \[ \text{Starting Balance} = $204.30 \]

2. Thursday Transactions:

   • Deposit: \[ \text{Deposit} = $87.21 \]
   • Withdrawal: \[ \text{Withdrawal} = $50.99 \]

   Now we can calculate the balance after Thursday: \[ \text{Balance after Deposit} = $204.30 + $87.21 = $291.51 \] \[ \text{Balance after Withdrawal} = $291.51 - $50.99 = $240.52 \]

3. Friday Transaction:

   • Diego moves \(\frac{1}{4}\) of the money in his checking account to his savings account.
   • First, calculate \(\frac{1}{4}\) of his balance: \[ \text{Amount moved to Savings} = \frac{1}{4} \times $240.52 = $60.13 \]

   Then, subtract this amount from his checking account: \[ \text{Balance after moving to Savings} = $240.52 - $60.13 = $180.39 \]

So, the amount of money in Diego's checking account at the end of the day Friday is \( \boxed{180.39} \). The correct answer is C. $180.39.