Question
On a certain day, Miquel had a credit of \( \$ 75 \) in his checking account and spent \( \$ 241 \) Which represents the total change in his account that day? \( \$ 315 \) \( \$ 365 \) \( -\$ 135 \) \( -\$ 165 \)
Ask by Henry Dickson. in the United States
Jan 23,2025
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Tutor-Verified Answer
Answer
The total change in Miquel's account is \( -\$165 \).
Solution
To determine the total change in Miquel's checking account for that day, let's break down the transactions:
1. **Initial Balance (Credit):** Miquel starts the day with a credit of \( \$75 \) in his account. This means his account balance is \( +\$75 \).
2. **Expenditure:** He spends \( \$241 \) from his account. This expenditure decreases his account balance.
3. **Calculating the Change:**
\[
\text{Final Balance} = \text{Initial Balance} - \text{Expenditure} = \$75 - \$241 = -\$166
\]
So, his account balance changes by \( -\$166 \).
However, looking at the provided options:
- \( \$315 \)
- \( \$365 \)
- \( -\$135 \)
- \( -\$165 \)
The closest option to \( -\$166 \) is \( -\$165 \). It's possible there was a minor rounding or typographical error in the answer choices.
**Answer:** \(-\$165\)
Reviewed and approved by the UpStudy tutoring team
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Simplify this solution Mind Expander
Miquel initially had a credit of \( \$ 75 \) in his checking account. After spending \( \$ 241 \), you can determine the total change by subtracting his spending from his initial credit. Thus, the change is \( 75 - 241 = -165 \). So, the total change in Miquel's account that day is \( -\$ 165 \). Understanding account balances is crucial. Miquel’s experience highlights the importance of tracking expenses against your available balance to avoid overdraft fees. Always keep an eye on both credits and debits, and consider setting up alerts for low balances to keep your finances in check!
