you are the treasurer for a local charity. at the beginning of the month the account balance for the charity…

you are the treasurer for a local charity. at the beginning of the month the account balance for the charity is $5,300. during the month the charity receives $500, $900 and $600 donations from industry and $50, $10, $100 and $150 donations from private sources. if the charity spends $2,200 during the month what is the balance at the end of the month? a) $4,790 b) $5,410 c) $5,610 d) $7,460

you are the treasurer for a local charity. at the beginning of the month the account balance for the charity is $5,300. during the month the charity receives $500, $900 and $600 donations from industry and $50, $10, $100 and $150 donations from private sources. if the charity spends $2,200 during the month what is the balance at the end of the month? a) $4,790 b) $5,410 c) $5,610 d) $7,460

Answer

Explanation:

Step1: Calculate total donations from industry

Add the industry - donations: $500 + 900+600=$2000$.

Step2: Calculate total donations from private sources

Add the private - source donations: $50 + 10+100 + 150=$310$.

Step3: Calculate total donations received

Add the total industry and private - source donations: $2000 + 310=$2310$.

Step4: Calculate the end - of - month balance

Add the initial balance and total donations, then subtract the spending. The initial balance is $5300$. So, $5300+2310 - 2200$. First, $5300+2310 = 7610$, then $7610-2200=$5410$.

Answer:

B. $5,410