Maria’s monthly bank statement showed the following deposits and withdrawals: -$25.20, $52.75, -$22.04, -$8.50, $94.11

If Maria’s balance in the account was $47.86 at the beginning of the month, what was the account balance at the end of the month?
Please do a step by step explanation

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.