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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Simon Fitzrowdy checked his checking account online on Tuesday morning, and it showed a balance of $1,472.38. During a morning shopping trip, he used his debit card to buy gasoline for $48.92. groceries for $77.10, and a shirt for $34.98. He used his smartphone and his mobile-banking app to deposit a check for $150. What will his balance be the next morning?

To determine

To calculate: The balance for Simon Fitzrowdy if his account showed a balance of $1,472.38 and he used his debit card to buy gasoline for $48.92, groceries for $77.10, and a shirt for $34.98, also he deposited a check for $150 through mobile-banking app.

Explanation

Given Information:

Starting balance was $1,472.38.

Debit card purchase - gasoline for $48.92,

Debit card purchase - groceries for $77.10,

Debit card purchase - shirt for $34.98

Check deposit for $150.

Calculation:

For all transactions, any debits will be subtracted from the balance whereas the deposits or any credit will be added to the balance.

The starting balance of Simon is $1,472.38, subtract all the debit card purchases from the balance

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