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The chart displays Jennifer’s bank deposits and withdrawals from the past week.Jennifer’s Bank Statement Date Deposits($) Withdrawals($)10/1   –1010/10 +25  10/12   –2010/14   –1110/17 +24  10/18   –2110/24 +40  10/25   –4710/31 +16  Assuming she started with an initial balance of $37 at the beginning of October, what is her balance at the end of the month?Select one:highlight_off$33highlight_off$43highlight_offhighlight_off

Question

The chart displays Jennifer’s bank deposits and withdrawals from the past week.Jennifer’s Bank Statement Date Deposits()Withdrawals() Withdrawals()10/1   –1010/10 +25  10/12   –2010/14   –1110/17 +24  10/18   –2110/24 +40  10/25   –4710/31 +16  Assuming she started with an initial balance of 37atthebeginningofOctober,whatisherbalanceattheendofthemonth?Selectone:highlightoff37 at the beginning of October, what is her balance at the end of the month?Select one:highlight_off33highlight_off$43highlight_offhighlight_off

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Solution

To calculate Jennifer's balance at the end of the month, we need to add all her deposits to her initial balance and then subtract all her withdrawals.

Initial balance: 37Deposits:37 Deposits: 25 + 24+24 + 40 + 16=16 = 105 Withdrawals: 10+10 + 20 + 11+11 + 21 + 47=47 = 109

So, her balance at the end of the month would be her initial balance plus her deposits minus her withdrawals:

37+37 + 105 - 109=109 = 33

So, Jennifer's balance at the end of the month is $33.

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