Kenneth has entered a check payment of $350.25 in his checkbook. If the old balance was $545.95, what is his latest balance?
2 answers:
Answer:
The latest balance is $896.2
Step-by-step explanation:
It is important to know that balance refers to the amount of money that is available in a bank account.
The problem says that the old balance of Kenneth was $545.95, that is the money available before entering the check payment. When Kenneth entered the check payment of $350.25 the available money increased. So, the current balance would be the sum of the two values.
Thus, the latest balance is $896.2
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