Entering the World of Work

Section 2: Understanding Banking and Credit

Math Practice Step-by-Step

Follow these steps to solve the Section 14.2 Math Practice problem.

Balancing Your Savings
Figure It Out   Your checking account shows a balance of $560.00 at the beginning of the month. You make two deposits in the amounts of $115 and $225. You write seven checks for a total of $656.23. What is your balance at the end of the month?

Step 1  Add all the deposits you made during the month to the beginning balance.

Step 2  Subtract the total withdrawals from the balance and deposits. This number is your balance at the end of the month.