Answered

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2) Jacob has a checking account at City Center Bank. During the month of 17
February, he made deposits totaling $1,584.52 and wrote checks totaling
$789.23. He paid a maintenance fee of $25 and earned $3.24 in interest. His
balance at the end of the month was $5,191.63. What was the balance at
the beginning of April? *
O $1,378.32
O $2,673.98
O $2,342.67
$4,418.10

Sagot :

Parrain

Based on the ending balance and the various receipts and payments, the beginning balance must have been $4,418.10

What was the Beginning balance?

The beginning balance can be found in the formula:

Ending balance = Beginning balance + Receipts - Withdrawals

Solving would give:

5,191.63 = Beginning + 1,584.52 deposit + 3.24 earned - 789.23 checks - 25 fee

5,191.63 = Beginning + 773.01

Beginning = 5,191.63 - 773.01

= $4,418.10

In conclusion, the balance was $4,418.10

Find out more about deposits at https://brainly.com/question/10582086.

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