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QuestionRoyce started with \$ 171.26. After deposits of \$ 60.76, \$ 29.79, \$ 89.31 and withdrawals of \$ 14.82, \$ 46.79, \$ 55.52, how much does he have now?

Studdy Solution

STEP 1

Assumptions1. The initial amount of digital money Royce had is 171.26.Thedepositshemadeare171.26. The deposits he made are 60.76, 29.79,and29.79, and 89.313. The withdrawals he made are 14.82,14.82, 46.79, and $55.524. Deposits increase the amount of money in the account5. Withdrawals decrease the amount of money in the account

STEP 2

First, we need to find the total amount of deposits. We can do this by adding up all the deposits.
Total deposits=Deposit1+Deposit2+DepositTotal\, deposits = Deposit1 + Deposit2 + Deposit

STEP 3

Now, plug in the given values for the deposits to calculate the total deposits.
Total deposits=$60.76+$29.79+$89.31Total\, deposits = \$60.76 + \$29.79 + \$89.31

STEP 4

Calculate the total deposits.
Total deposits=$60.76+$29.79+$89.31=$180.86Total\, deposits = \$60.76 + \$29.79 + \$89.31 = \$180.86

STEP 5

Next, we need to find the total amount of withdrawals. We can do this by adding up all the withdrawals.
Total withdrawals=Withdrawal1+Withdrawal2+Withdrawal3Total\, withdrawals = Withdrawal1 + Withdrawal2 + Withdrawal3

STEP 6

Now, plug in the given values for the withdrawals to calculate the total withdrawals.
Total withdrawals=$14.82+$46.79+$55.52Total\, withdrawals = \$14.82 + \$46.79 + \$55.52

STEP 7

Calculate the total withdrawals.
Total withdrawals=$14.82+$46.79+$55.52=$117.13Total\, withdrawals = \$14.82 + \$46.79 + \$55.52 = \$117.13

STEP 8

Now that we have the total deposits and withdrawals, we can find the current amount of digital money in Royce's account. This is done by adding the initial amount and total deposits, then subtracting the total withdrawals.
Current amount=Initial amount+Total deposits−Total withdrawalsCurrent\, amount = Initial\, amount + Total\, deposits - Total\, withdrawals

STEP 9

Plug in the values for the initial amount, total deposits, and total withdrawals to calculate the current amount.
Current amount=$171.26+$180.86−$117.13Current\, amount = \$171.26 + \$180.86 - \$117.13

STEP 10

Calculate the current amount of digital money in Royce's account.
Current amount=$171.26+$180.86−$117.13=$235.99Current\, amount = \$171.26 + \$180.86 - \$117.13 = \$235.99Royce now has $235.99 in digital money.

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