Adding and Subtracting Decimals in Word Problems

The video tutorial explains how to calculate the balance in Leo's bank account after a series of transactions. It starts with an initial balance of $4,522.08, followed by a deposit of $875.50, and then a withdrawal of $300. The tutorial walks through the arithmetic operations step-by-step, demonstrating how to add and subtract amounts to find the final balance of $5,097.58.

How much money did Leo initially have in his bank account?

• $5,397.58

• $875.50

• $300.00

• $4,522.08

What is the total amount Leo deposited into his account?

• $5,397.58

• $4,522.08

• $875.50

• $300.00

After depositing $875.50, what was Leo's new balance?

• $4,522.08

• $5,397.58

• $4,822.08

• $5,097.58

What is the value of a penny in terms of dollars?

• One thousandth of a dollar

• One dollar

• One hundredth of a dollar

• One tenth of a dollar

How much money did Leo withdraw from his account?

• $300.00

• $875.50

• $5,397.58

• $4,522.08

What is the equivalent of $300 in terms of dollars and cents?

• $300.50

• $300.00

• $300.10

• $300.05

After withdrawing $300, what was Leo's remaining balance?

• $5,397.58

• $4,522.08

• $5,097.58

• $4,822.08

What is the final balance in Leo's account after all transactions?

• $4,522.08

• $4,822.08

• $5,097.58

• $5,397.58