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Lynn has two bank accounts with balances of $1100 and $843. Lynn also has three credit cards with balances of $250, $782, and $1360. What is the total value of the five accounts?

 May 24, 2016
 #1
avatar+824 
+5

1100+843+250+782+1360 = 4335

$4335

 May 24, 2016
 #2
avatar+27664 
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Hmm!  I'm inclined to think that the credit card balances should be subtracted from the bank balances as, presumably,  Lynn will have to pay the former to the credit card companies.

 May 24, 2016
 #3
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Are the credit card balances what she owes or the $ she has loaded/prepayed on to the credit cards GAMEMASTERX40 ?

 May 24, 2016
 #4
avatar+2042 
+3

All the money she have in her credit cards balances is the money she have so doesn't own any money!

 May 24, 2016
 #5
avatar+2042 
+3

Alan read again the problem! It says "What is the total value of the five accounts?" So the problem is asking to add all the money she have!

 May 24, 2016
 #7
avatar+27664 
0

Fair enough! In that case Landry's reply is correct.

Alan  May 24, 2016
 #6
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Lynn has two bank accounts with balances of $1100 and $843. Lynn also has three credit cards with balances of $250, $782, and $1360. What is the total value of the five accounts?

 

$1,100 + $843 =$1,943 Credit balance of her two bank accounts.

$250 + $782 +$1,360 =$2,392 Debit balance of her three credit cards.

$1,943 - $2,392 = - $449 Net debit balace that Lynn has- or net amount she owes.

 May 24, 2016
 #8
avatar+2042 
+3

Guest whoever you are, you are wrong! You have to add all the money to get the answer! Try again!

GAMEMASTERX40  May 24, 2016
 #9
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GAMEMASTERX40:

 

I don't think you or your teacher know that much about money!!. Even though the question is:

"What is the total value of the five accounts?" In actual fact, the question means "What is Lynn's Net Worth"? It is worded like that to get you to think and NOT just add the five numbers together, unless you are in Grade 2!!.

 May 24, 2016

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