Eli wong noticed his present balance was three times his previous balance. His withdrawal were 95% of his previous balance, and his deposits were $1.60 less than his present balance. The interest posted to this account equal 0.5% of his previous balance. If the service charge on his account was $5.00, what is Eli's present balance?

I used the following to get 330...

Present = 3x

Previous = x

Withdrawls = .95x

Deposits = 1.60 - 3x

Interest = .05x

Service Charge = $5.00

x=3x-.95x+1.60-3x+.05x-5

Where might I be going wrong??

Thank You for any help you give.