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Luis has an account at GESA Credit Union. He had a balance of $500.00 starting January 15th. He made deposits of $100, $250, and $300. He also made withdrawals of $400.32, $100, $55.55, and $62.62. What would be his ending balance after all the transactions? SHOW THE WORK PLEASE ​

Sagot :

itsty1992

Answer: $531.51

Step-by-step explanation:

Initial balance of 500

If he made deposits into his account that means he added to his existing balance so his new balance would be the initial 500 plus all the deposits:

500 + 100 + 250 + 300 = 1150

so after the deposits he has a new balance of 1150. He then withdrew money which means he's subtracting from his balance so his new balance will be his current balance minus all the withdraws:

1150 - 400.32 - 100 - 55.55 - 62.62 = 531.51