Praxis 5511 Practice Question
Terry had a balance of $403 in her checking account before she deposited a check for xxx dollars. Then she wrote checks for $56, $23, and $25. If there were no other transactions and her account balance after all of these transactions was $424, what is the value of xxx?
Correct Answer: C
Rationale: To determine the value of xxx, start with Terry's initial balance of $403. After depositing the check, her balance increases by xxx. She then writes checks totaling $56 + $23 + $25, which equals $104.
After these transactions, her final balance is $424. The equation representing this situation is:
403 + xxx - 104 = 424.
Solving for xxx gives:
xxx = 424 - 403 + 104, which simplifies to xxx = 125.
Option A (21), B (104), and D (146) do not satisfy the equation, as they do not balance the initial amount and the total deductions correctly.
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