Answers KapuschinskyWCA 3424 Consumer Applications 1st nine weeks 26-27 Using a Debit CardQuestion 16

16

QuizMultiple Choice

Using a Debit Card

Question 16 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27

Bill has $270.61 in his account before making any transactions. Over the course of a week, Bill makes the following transactions:TransactionDebit ($)Credit ($)Paycheck---535.67Electric bill112.53---Groceries90.79---Savings bond---50.00Car payment225.65---At the end of the week, how much money is in Bill’s account?

Answer

A

$518.10

B

$156.70

C

$427.31

D

$608.89

Explanation

Add the starting balance and credits: $270.61 + $535.67 + $50.00 = $856.28. Add the debits: $112.53 + $90.79 + $225.65 = $428.97. Subtract the debits from the credits: $856.28 − $428.97 = $427.31, so the correct choice is $427.31.

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