AnswersAcademy- Financial Algebra A 27Topic TestQuestion 28
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Topic Test

Question 28 • Academy- Financial Algebra A 27

Kurt’s ending balance on April 30 was $331.36. Add or subtract the items in his check register, shown below, to find his balance on May 30.DateTypeDescriptionAmount05/01Check #478Car payment$186.4705/05DebitGroceries$66.4205/08DepositPaycheck$279.6205/15DepositTax return$95.0205/29Check #479Insurance$160.00Assuming this record is complete, what is Kurt’s ending balance?

Answer
A
$369.61
B
$359.53
C
$293.11
D
$274.59

Explanation

Start with the April 30 balance of $331.36. Subtract the car payment and groceries, add the paycheck and tax return, then subtract the insurance payment: $331.36 − $186.47 − $66.42 + $279.62 + $95.02 − $160.00 = $293.11. Kurt’s ending balance is $293.11, choice C.

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