Question

Each week Taylor has a paycheck of $122.50 deposit into her bank account and $125.00 deducted to pay your bills. If the starting balance of her bank account was $5 what would the balance be after four weeks?

Answer 1

-$5

Explanation:

The computation of the balance after four weeks is shown below:

= Deposits made in four weeks - dedcuted amount in four weeks + opening balance

= $122.50 × 4 weeks - $125 × 4 weeks + $5

= $490 - $500 + $5

= $495 - $500

= -$5