### Calculate the Balance

Let's
visualize how the equation works. In real words, the balance is whatever
you had in the bank, minus any checks you wrote, plus any deposits.

**4. Try This: Enter the Equation**

Select Cell F3 and type in =.
The
equals sign is on the top of the keyboard to the right of the row of
numbers. All equations begin with “=.”

Our calculation is =F2-D3+E3.

When you hit the Enter or Tab key
on your keyboard, Excel will add it all up. Did you get $421.50?

Try it
again on Cell F4.

The equation would be: =F3-D4+E4.

The answer should be
$240.52.

Select Cell F4.

Copy and Paste
the formula down to Row 10

**What Did You See? **Did you notice that the formula changed? Cell F5 now says =F4-D5+E5. This is
an example of **Relative references**.