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You have three separate accounts with your bank that you can manipulate with online banking. Account a is a checking account with a $5,245. 50 balance, account b is a personal savings account with a $12,850. 25 balance, and account c is a joint college savings account with your 12-year-old son. You move $2,500 from account b to account a to cover an unexpected bill. You also move 1. 5% of the remaining balance in account b to account c. What is left in account b after these transfers?.

Answer :

The balance left in Account B is $10195 after all the transactions have taken place

Money is sent from one account at Bank A to another at Bank B by a bank-to-bank transfer, sometimes referred to as an external transfer. External transfers that are electronic or use the internet can speed up the transfer of funds to a recipient by removing the need to transmit money physically between banks.

Beginning balances:

Account A = $5245.50

Account B = $12850.25

Money left in account B after transferring moving $2500 from account B to account A

= 12850.25 - 2500 = $10350.25

Money left in account B after moving 1.5% of the remaining balance from account B to account C

= 10350.25 - 1.5% of 10350.25 = 10350.25 - 155.25

= $10195

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