During one week, Sheila made several changes to her bank account. She made 4 withdrawals of $40 each from ATM. She also used her check card for a $156 purchase. She then deposited her paycheck of $375.
By how much did the account in her bank account change during the week?
Important vocabulary: Withrawal (-) and Deposit (+), a Purchase reduces the money in your bank account
A. $59 increase
B. $59 decrease
C. $691 increase
D. $691 decrease
The total amount of withdrawals was $40 x 4 = $160. The total amount of the purchase was $156. The total amount deposited was $375.
Therefore, the total change in her bank account during the week is:
-$160 (withdrawals) - $156 (purchase) + $375 (deposit) = $59 increase
Therefore, the correct answer is A. $59 increase.