Question

mrs. torres has $9038 in her bank account on march 1st. she saves $309 in march. then she must pay $1407 in taxes in april. mrs. torres is able to save $701 in may. at the end of may, approximately how much greater or less is her account balance than it was on march 1st? a. her account balance is approximately $400 less. b. her account balance is approximately $1800 less. c. her account balance is approximately $2400 greater. d. her account balance is approximately $9400.

Explanation:

Step1: Calculate the final balance

First, start with the initial balance of $9038$. Subtract the tax payment of $1407$ and then add the savings in March ($309$) and May ($701$). The formula is $9038 - 1407+309 + 701$.
$9038-1407 = 7631$.
$7631+309=7940$.
$7940 + 701=8641$.

Step2: Compare with the initial balance

The initial balance on March 1st was $9038$. Since $8641<9038$, the account balance is approximately $400$ less ($9038 - 8641=397\approx400$).

Answer:

Her account balance is approximately $400$ less.