Question

Pat's ending balance on his debit card last month was $233.55. This month he had $542 worth of purchases and $710 worth of deposits. What is his ending balance for this month? *

Answer 1

Answer:

$401.55                              

Step-by-step explanation:

Given:

Pat's ending balance on his debit card last month was $233.55, we can consider it as opening balance for this month as carry forwarded.

This month he had $542 worth of purchases.

This month he had $710 worth of deposits.

Question asked:

What is his ending balance for this month ?

Solution:

We can easily find the ending balance by subtracting purchase amount as it will reduce the balance and we will add deposits as it increase the balance of debit card.

Opening balance of debit card =  $233.55

Purchases worth of = $542

Deposit worth of = $710

Ending balance for this month = Opening balance of debit card + Deposit - Purchases

Ending balance for this month =  $233.55 +  $710 - $542  

                                                  = $943.55 - $542 = $401.55        

Therefore, the ending balance for this month in his debit card is $401.55