Real Estate Math
A broker's trust account had a beginning balance of $15,000, received new deposits of $47,500, and disbursed $38,750. What is the ending balance?
A$23,750✓ Correct
B$24,750
C$25,750
D$26,750
Explanation
Ending balance = Beginning balance + Deposits − Disbursements = $15,000 + $47,500 − $38,750 = $23,750.
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