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Rob is balancing his checkbook. His beginning checking account balance was $1.

He deposited a check for $77 from his part-time job and $37 in cash that he received in tips into the account. Using his debit card, he purchased $25 worth of gas. On a night out with friends, Rob used his debit card to spend $8 on a movie ticket and $12 on snacks. Rob's mother told him that he needs to put money into a savings account, so Rob withdrew the tip money from his checking account and put it into a new savings account.

What is Rob's checking account balance?

Answer :

Answer:

33

Explanation:

1+77+38=116 then he spent money, so 116-25-8-12=71. but then his mother told him to put the money into his savings account, so he withdrew the tip money ($38). so it's 71-38, which equals 33.

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Rewritten by : Barada

For the conditions given above, it can be concluded to state that the bank balance of Rob's checking account for the said transactions during the period will amount to a total of $33. Therefore, the option C holds true.

What is the significance of bank balance?

Bank balance can be referred to or considered as the total amount of monies available in the bank account of an account holder. It is important to note that there may be restrictions on disposing off these balances from the bank account.

For the above situation, the end balance of the bank will be,

Closing Balance = Opening Balance + Deposits – Withdrawals

Closing Balance = 1+77+37-25-8-12-37

Closing Balance = $33

Therefore, the option C holds true and states regarding the significance of a bank balance.

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The missing choices are added below for better reference.

A. $32

B. $34

C. $33

D. $47