Name:_____________                        Bank Account Worksheet       © mathkinz

Date:______________

Score:______________


David opened a checking bank account at Bank of Millstone. He made following deposits and withdrawls in his account.
David does not get any interest on checking acoount.

DateTypeAmount
Sep 19th 2007Deposit$123.00
Nov 10th 2007Deposit$45.00
Dec 14th 2007Deposit$145.00
Dec 20th 2007Withdrawl$100.00
Feb 18th 2008Deposit$20.00
Mar 4th 2008Deposit$40.00
May 18th 2008Deposit$60.00
Aug 12th 2008Deposit$120.00
Nov 15th 2008Withdrawl$80.00

Based on these transactions answer following questions.

Q1.    With what amount did David open his bank account?$123.00
Q2.    What was his bank balance by the end of 2007 ?$213.00
Q3.    What is his current bank balance?$373.00
Q4.    What were his total deposits?$553.00
Q5.    What were his total withdrawls?$180.00
Q6.    If he does not need this money for the next 2 years, should he put money in a CD*?Yes


* In a CD(Certificate of Deposit) you get fixed interest for the amount you put in CD. Its better than putting money in a checking account, but you have to put money for a fixed interval. If you remove money before that interval you are charged penalty.