{"id":271787,"date":"2025-07-26T06:58:23","date_gmt":"2025-07-26T06:58:23","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=271787"},"modified":"2025-07-26T06:58:25","modified_gmt":"2025-07-26T06:58:25","slug":"anands-monthly-bank-statement-showed-the-following-deposits-and-withdrawals-2","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/07\/26\/anands-monthly-bank-statement-showed-the-following-deposits-and-withdrawals-2\/","title":{"rendered":"Anand&#8217;s monthly bank statement showed the following deposits and withdrawals"},"content":{"rendered":"\n<p>Anand&#8217;s monthly bank statement showed the following deposits and withdrawals:<br>$5.18, -$69.31, $9.74, $58.38, -$95.69<br>If Anand&#8217;s balance in the account was $49.41 at the beginning of the month, what was the account balance at the end of the month?<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-ast-global-color-6-color\">The correct answer and explanation is:<\/mark><\/strong><\/p>\n\n\n\n<p>To calculate the final account balance, we need to start with the initial balance and then apply each of the deposits and withdrawals. The sequence of transactions is as follows:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Starting balance: $49.41<\/li>\n\n\n\n<li>First deposit: +$5.18<\/li>\n\n\n\n<li>First withdrawal: -$69.31<\/li>\n\n\n\n<li>Second deposit: +$9.74<\/li>\n\n\n\n<li>Second deposit: +$58.38<\/li>\n\n\n\n<li>Second withdrawal: -$95.69<\/li>\n<\/ol>\n\n\n\n<p>Now, let&#8217;s apply each transaction:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 1: Starting balance<\/h3>\n\n\n\n<p>The initial balance is <strong>$49.41<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 2: First deposit<\/h3>\n\n\n\n<p>Adding the first deposit of $5.18:<br>$49.41 + $5.18 = <strong>$54.59<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 3: First withdrawal<\/h3>\n\n\n\n<p>Subtracting the first withdrawal of $69.31:<br>$54.59 &#8211; $69.31 = <strong>-$14.72<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 4: Second deposit<\/h3>\n\n\n\n<p>Adding the second deposit of $9.74:<br>-$14.72 + $9.74 = <strong>-$4.98<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 5: Third deposit<\/h3>\n\n\n\n<p>Adding the third deposit of $58.38:<br>-$4.98 + $58.38 = <strong>$53.40<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 6: Second withdrawal<\/h3>\n\n\n\n<p>Finally, subtracting the second withdrawal of $95.69:<br>$53.40 &#8211; $95.69 = <strong>-$42.29<\/strong><\/p>\n\n\n\n<p>Thus, the balance at the end of the month is <strong>-$42.29<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Explanation:<\/h3>\n\n\n\n<p>To calculate the ending balance, each deposit adds money to the account, and each withdrawal subtracts money. The total effect of all the transactions is a combination of these deposits and withdrawals. Since the final result is negative, it indicates that the account is in overdraft by $42.29.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anand&#8217;s monthly bank statement showed the following deposits and withdrawals:$5.18, -$69.31, $9.74, $58.38, -$95.69If Anand&#8217;s balance in the account was $49.41 at the beginning of the month, what was the account balance at the end of the month? The correct answer and explanation is: To calculate the final account balance, we need to start with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-271787","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/271787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=271787"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/271787\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=271787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=271787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=271787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}