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Reuben Garza’s Savings Account
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1. Reuben Garza started working part time after school in March and worked full time in the summer. He opened a statement savings account at the bank to save part of each paycheck. Compute the balance in his account by adding deposits and interest earned and subtracting withdrawals.
Date Deposit Withdrawal Interest Balance
03/11 $150.00
03/25 $25.00
03/31 .91
04/08 $25.00
04/22 $25.00
05/06 $25.00
05/20 $25.00
06/03 $50.00
06/09 $40.00
06/17 $50.00
06/30 1.98
07/01 $80.00
07/15 $50.00
07/25 $25.00
07/29 $60.00
08/12 $50.00
08/16 $150.00
09/02 $50.00
09/07 $75.00
09/16 $30.00
09/30 $30.00
09/30 4.05
10/14 $30.00
10/28 $30.00
2.What were Reuben’s total deposits from 3/25 through 10/28?
$ _______________
3. What percentage of his deposits from 3/25 through 10/28 were withdrawn? (Divide his total withdrawals by his total deposits and round to the nearest 1/10th percent.)
_______________ % 4.What was the percentage
increase in his balance from 3/11 through 10/28? ( Divide the change in his balance between the two dates by the beginning balance. Round to the nearest 1/10th percent.)
_______________ %