Use the Sum Formulas to Find the Value of the Sum

question 311

Multiple Choice

Use the sum formulas to find the value of the sum that follows. ​ ​

• A) 720
• B) 160
• C) 435
• D) 820
• E) 90

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Definitions:

Check Register

A record of all checks written, deposits made, and balances in a checking account, used for managing finances.

Bank Statement

A summary of financial transactions that have occurred over a given period on a bank account.

Outstanding Checks

Checks that do not appear on the bank statement.

Compounded Monthly

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.