Concept explainers
To find: The initial balance of the month.
Answer to Problem 10MPS
The initial balance of the month is
Explanation of Solution
Given:
The deposited money is
Calculation:
Consider
The amount that increases the bank balance it must be add to the initial amount and the amount that decreases the bank balance it must be subtracted from the initial amount.
The deposited money and the interest received increases the bank balance whereas the service charge and paid checks decreases the bank balance.
It is given that the deposited money is
Now make an equation and solve the equation as follows:
Therefore, the initial balance of the month is
Conclusion:
Thus, the initial balance of the month is
Chapter 5 Solutions
Algebra: Structure And Method, Book 1
Additional Math Textbook Solutions
College Algebra
Intermediate Algebra for College Students (7th Edition)
College Algebra with Modeling & Visualization (6th Edition)
Elementary Algebra: Concepts and Applications (10th Edition)
Linear Algebra and Its Applications (5th Edition)
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education