Question

1 Suppose you have a checking account, but you're overdrawn a bit, and your balance is currently - \$ 250 . 25−$250.25. You incur another charge on the account, which decreases your balance by \$ 101 . 33$101.33. How much money do you need to bring your account balance back to \$ 0$0?

Answer 1

$351.58

Explanation:

According to the problem, calculation of given data are as follows,

Current balance = -$250.25

Other charge (debit) = $101.33

So, Now the current balance in the account are as follows,

Current balance = - $250.25 + (- $101.33) (debit is negative)

Current balance = -$250.25 -$101.33

Current balance = -$351.58

So, we need $351.58 to bring account balance to $0.