How to Calculate the New Balance After Writing a Check?
What is the current balance of Bob's checking account?
The current balance of Bob's checking account is $237.70.
How much is the check amount that Bob writes?
Bob writes a check for $29.94.
What is Bob's new balance after writing the check?
Final Answer:
After subtracting the check amount of $29.94 from the current balance of $237.70, Bob's new checking account balance is $207.76.
The question involves calculating the new balance in Bob's checking account after he writes a check. The current balance is $237.70, and Bob writes a check for $29.94. To find the new balance, we need to subtract the amount of the check from the current balance.
Here's the calculation step-by-step:
- Identify the current balance, which is $237.70.
- Identify the check amount, which is $29.94.
- Subtract the check amount from the current balance: $237.70 - $29.94.
- Calculate the new balance: $207.76.
Therefore, after writing the check for $29.94, Bob's new checking account balance is $207.76.