Q. 1185.0( 2 Votes )

# You have ₹ 500 in your savings account at the beginning of the month. The record below shows all of your transactions during the month. How much money is in your account after these transactions?

Answer :

According to the question,

Available amount at the beginning of the month = Rs. 500

On 4/9, with the cheque number 384102, Rs 120 amount was withdrawn.

On 12/9, with the cheque number 275146, Rs 200 amount was deposited.

On 22/9, with the cheque number 384103, Rs 240 amount was withdrawn.

On 22/9, with the cheque number 801351, Rs 150 amount was deposited.

Money available in the account can be calculated by amount already available in the account and the money deposited in the account, minus the amount withdrawn from the bank.

So, net available amount in bank account = Already available amount + Deposited amount – Withdrawn amount

⇒ Net available amount in bank account = 500 + (200 + 150) – (120 + 240)

⇒ Net available amount in bank account = 500 + 350 – 360

⇒ Net available amount in bank account = 500 – 10

⇒ Net available amount in bank account = 490

Thus, net money in bank account after these transactions is Rs. 490.

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