Thor is reconstructing his expenses for the past two weeks. You can see the records of his expenses. Thor's bank statement says that he has an ending balance of $86. What is Thor's starting balance?

Thor is reconstructing his expenses for the past two weeks You can see the records of his expenses Thors bank statement says that he has an ending balance of 86 class=

Respuesta :

The table shows the total amount Thor spent over the past 2 weeks.

The total amount Thor spent can be gotten by adding the costs of all the transactions he made over the period.

Amount Spent:

[tex]TC=25+35+55+15+13=143[/tex]

The starting balance can be calculated as:

[tex]SB=TC+EB[/tex]

where

[tex]\begin{gathered} SB=\text{ Starting Balance} \\ TC=\text{ Transaction Costs} \\ EB=\text{ Ending Balance} \end{gathered}[/tex]

Since the ending balance is given to be $86, we can calculate the starting balance to be:

[tex]SB=143+86=229[/tex]

Thor's starting balance is $229.