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Matt had $325.64 in his account at the beginning of the month. He wrote checks for $114.23, $68.97, and $11.54. How much must he transfer from his savings to cover a rent check for $250?

Answer :

Answer:

$119.10

Explanation:

The amounts withdrawn from the account in form of checks written reduces the balance in Matt's account.

Given that Matt had $325.64 in his account at the beginning of the month and wrote checks for $114.23, $68.97, and $11.54

Balance in his account = $325.64 - ( $114.23 + $68.97 + $11.54)

= $325.64 - $194.74

= $130.90

If his rent cost $250, then he must transfer ....

= $250 - $130.90

= $119.10

Answer:

Matt needs to make a transfer of $ 119.10

Explanation:

Calculation of current balance of Matt's account

Opening balance                                                               $ 325.64

Checks issued                               $ 114.23

                                                       $ 68.97

                                                      $  11.54

Total checks issued                                                           $(  194.74)

Existing balance of Matt's account                                   $ 130.90

He needs to issue a new check of $ 250, to cover that he needs to make a transfer of $ 250 - $ 130.90 = $ 119.10

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