When writing a formula in Microsoft® Excel to determine the balance of your bank account, what function is used?

Question

(1 point)
Responses

ROUND
ROUND

ADD
ADD

SUM
SUM

SUBTRACT...................

Answer 1

To determine the balance of your bank account in Excel, you would typically use the SUM function if you are adding up deposits and subtracting expenses. However, if you are specifically calculating a balance that involves both addition and subtraction, you might use a formula like this:

=SUM(deposits) - SUM(expenses)

In this context, the SUM function is the correct choice from the provided options.

So, the answer is SUM.