155
QuizMultiple Choice

Topic Test

Question 155 • 26-27 Ignite Technical Math-Financial Math - MA2007

Bill has $270.61 in his account before making any transactions. Over the course of a week, Bill makes the following transactions:TransactionDebit ($)Credit ($)Paycheck---535.67Electric bill112.53---Groceries90.79---Savings bond---50.00Car payment225.65---At the end of the week, how much money is in Bill’s account?

Answer
A
$518.10
B
$156.70
C
$427.31
D
$608.89

Explanation

Add the starting balance and credits: $270.61 + $535.67 + $50.00 = $856.28. Add the debits: $112.53 + $90.79 + $225.65 = $428.97. Subtract the debits from the credits: $856.28 − $428.97 = $427.31, so the correct choice is $427.31.

AI-written and checked against the verified answer.

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