Jeremy had a starting balance of $122.00 in his savings passbook. He made these transactions: Deposits of $68.52 and $46.35; Withdrawals of $95.00 and $20.50; Interest $1.50. What is his final balance?

$122.87

Explanation

Final balance = initial balance + deposits + interest - Withdrawals

Therefore,

Given that

Initial balance = 122.00

Deposit = 68.52 + 46.35 = 114.87

Interest = 1.50

Withdrawals = 95.00 + 20.50 = 115.50

Thus,

Final balance = 122.00 + 114.87 + 1.50 - 115.50

= 238.37 - 115.50

= 122.87

Final balance = $122.87

a

explanation:

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