AnswersSkelton - GSN - Financial Math - MA2007Keeping Financial RecordsQuestion 6
6
QuizMultiple Choice

Keeping Financial Records

Question 6 • Skelton - GSN - Financial Math - MA2007

Kelly is reconstructing her expenses for the past two weeks. Here are the records of her expenses:TransactionCost ($)Camera164Film21Hiking boots113First aid kit12Radio27Overcoat55Tent86Kelly’s bank statement says that she has an ending balance of $349. What is Kelly’s starting balance?

Answer
A
$478
B
$388
C
$827
D
$607

Explanation

Kelly spent $478 in total: $164 + $21 + $113 + $12 + $27 + $55 + $86 = $478. Since her ending balance was $349, her starting balance was $349 + $478 = $827. The correct choice is $827.

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