Eli wong noticed his present balance was three times his previous balance. his withdrawls were 95% of his previous balance and his deposits were $1.60 less than his present balance. the interest posted to his account equaled to 0.5% of his previous balance. if the service charge was $5.00, what's eli's present balance?

Eli's present balance was $360.

Step-by-step explanation:

Suppose, Eli's previous balance was   dollar.

As his present balance was three times his previous balance, so his present balance dollar.

His withdrawals were 95% of his previous balance, that is   dollar.

His deposits were $1.60 less than his present balance, so the amount of deposit dollar.

The interest posted to his account equaled to 0.5% of his previous balance. So, the amount of interest dollar.

The service charge was $5.00

So, his present balance dollar.

Thus, the equation will be.........

So, Eli's present balance was dollar.