Last week, Clay wrote 4 checks for $20 each from his checking account, withdrew another $30, and finally made a deposit of $96. What was the change in the balance of his account over the week?
1 Answer
Oct 19, 2016
The balance in Clay's account has reduced by
Explanation:
Presuming that all the cheques were encashed, the total amount withdrawn from Clay's account is:
The total amount deposited in Clay's account is:
Thus since more money was withdrawn than deposited, the difference represents the reduction in the balance of Clay's account.
