Tony had $360 in his savings account. His bank wants to make two transactions. A withdrawal as - $45 and a deposit as $25. What is the balance in his savings after the two transactions?

Question

Mathematics

Kenyon Good

5 February, 15:48

Tony had $360 in his savings account. His bank wants to make two transactions. A withdrawal as - $45 and a deposit as $25. What is the balance in his savings after the two transactions?

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Answers (1)

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Hanna Morris · Answer 1

His balance will be $340.

Step-by-step explanation:

1.) 360-45=315

- You do this because when you make a withdrawal you are removing a specific amount of money from your account. In this example you are making a withdrawal (removing) of $45 from your account of $360.

2.) 315+25=340

- You did this because a deposit is a specific amount of money you are adding. In this example you are depositing (adding) $25 to your new total of $315.