BM--5.3

What information is typically included on a savings account statement?

• Account owner's favorite color

• Account balance in monopoly money

• Account number, transactions, and balance

• Recipes for cookies

If you start with a balance of $5,000 in your savings account and deposit $1,200, what will be your new balance?

• $6,200
• $7,200
• $6,000
• $4,800

If you have $3,500 in your savings account and withdraw $800, what will be your new balance?

• $2,700
• $3,200
• $2,200
• $2,900

A savings account statement shows the following transactions: 

- Starting balance: $10,000

- Deposits: $2,500

- Withdrawals: $1,200

What is the new balance on the account?

• $9,800
• $11,300
• $8,300
• $12,700

If you have a balance of $9,000 and the bank pays you $450 in interest, what will be your new balance?

• $9,4500
• $8,550
• $9,450
• $9,900

If you start with a balance of $6,000 and your account accrues interest at a rate of 4% annually, how much interest will you earn in one year?

• 400
• 600
• 800
• 240

A savings account statement shows the following transactions: 

- Starting balance: $8,000

- Deposits: $1,000

- Withdrawals: $1,500

- Interest earned: $200

What is the new balance on the account?

• $7,700
• $6,700
• $7,200

• $9,700

A savings account statement shows the following transactions: 

- Starting balance: $7,500

- Deposits: $2,000

- Withdrawals: $1,800

- Interest earned: $150

What is the new balance on the account?

• $8,650
• $9,000
• $8,850
• $8,200

If you start with a balance of $4,000 and deposit $600 each month for 8 months, what will be your new balance?

• $10,400
• $9,200
• $8,800
• $4,800

A savings account statement shows the following transactions: 

- Starting balance: $15,000

- Deposits: $1,000

- Withdrawals: $2,500

- Interest earned: $300

What is the new balance on the account?

• $14,500
• $12,200
• $13,800
• $16,000