Question

Devon had a starting balance of $54.00 in his savings passbook. He made these transactions: Deposits of $54.87 and $86.35; Withdrawals of $45.00 and $27.50; Interest $2.50. What is his final balance?

Answer 1

Deposit means to put money in. Withdrawal is to take money out. and interest is the money added to his account in this case, like a deposit. So: 54.00 + 54.87 +86.35 - 45.00 -27.50 +2.50 = $125.72. You may want to put all that in your calculator to make sure my math is right. Does that make sense?

Answer 2

I tried that and the answers provided say thats not it. Ive tried countless times but decided to see if someone had an alternate route. It makes total sense just not getting the right answer.