Question23.72 in his checking account, then a debit of 82.16 were processed for automatic payments. The bank also assessed a 238 into his checking account. What is the current balance for Maurice's checking account? Basic 0 7 4 5 8 00 1 2 3 X 9 9 = + -- < X X • y * X X % ° = > +1 8 三 ντ X 69 口
Studdy Solution
STEP 1
What is this asking? How much money does Maurice have in his checking account after some debits, fees, and a deposit? Watch out! Don't forget about those pesky overdraft fees – they'll sneak up on you!
STEP 2
1. Calculate total debits
2. Calculate total fees
3. Calculate total withdrawals
4. Calculate final balance
STEP 3
Alright, first things first!
Let's **add** those automatic payments together to see how much was taken out initially.
We're doing this because these amounts were subtracted from his account.
So, we have .
STEP 4
Adding those up gives us .
This is the **total debit amount** before any fees.
STEP 5
Now, for the not-so-fun part: **fees**!
Maurice got hit with a fee for *each* of the two automatic payments.
Ouch! Since there are two fees, we multiply the fee amount by the number of fees: .
STEP 6
That's in **total fees**.
STEP 7
Let's **combine** the **total debits** and **total fees** to find the **total amount** taken out of Maurice's account.
We add these together because they both represent money being subtracted from his account.
So we have .
STEP 8
Adding those together gives us .
This is the **total amount** withdrawn from his account.
STEP 9
Maurice started with and then had taken out.
This means his balance was .
Notice that the result is negative, which makes sense because he was charged more than he had.
STEP 10
But wait!
Maurice deposited after all of that.
So, we **add** the deposit to his negative balance to find his **final balance**.
We're adding because a deposit increases the amount in his account.
So, we have .
STEP 11
Calculating that gives us .
This is Maurice's **final balance**!
STEP 12
Maurice's current checking account balance is .
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