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21 October, 13:43

Which formula best expresses your monthly ending balance?

a) Beginning Balance + Withdrawals + Deposits = Ending Balance

b) Beginning Balance + Withdrawals - Deposits = Ending Balance

c) Beginning Balance - Withdrawals + Deposits = Ending Balance

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  1. 21 October, 14:11
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    Withdrawals must be subtracted from the beginning balance since to withdraw means to take out, so withdrawing money would lower the balance.

    Deposits are added to the balance, so they must be added in the equation.

    The answer is c) Beginning Balance - Withdrawals + Deposits = Ending Balance
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Home » Mathematics » Which formula best expresses your monthly ending balance? a) Beginning Balance + Withdrawals + Deposits = Ending Balance b) Beginning Balance + Withdrawals - Deposits = Ending Balance c) Beginning Balance - Withdrawals + Deposits = Ending Balance
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