Question

David has a checking account at City center Bank. During the month of April, he made deposits totaling $985.89 and wrote checks totaling $454.27 .He paid a maintenance fee of $18 and earned $2.95 in interest. His balance at the end of the month was $3,005.32. What was the balance at the beginning of April?

Answer 1

To find the balance at the beginning of April, subtract all the transactions that occurred during the month from the balance at the end of the month. The balance at the beginning of April was $2,464.65.

Step-by-step explanation:

To find the balance at the beginning of April, you need to subtract all the transactions that occurred during the month from the balance at the end of the month.

Deposits: $985.89
Checks: $454.27
Maintenance fee: $18
Interest earned: $2.95

Starting balance = Ending balance - Deposits + Checks - Maintenance fee + Interest earned

Starting balance = $3,005.32 - $985.89 + $454.27 - $18 + $2.95

Starting balance = $3,005.32 - $547.57 + $2.95

Starting balance = $2,461.7 + $2.95

Starting balance = $2,464.65

Therefore, the balance at the beginning of April was $2,464.65.