Question

Barry has a bank account with a balance of $50.00. Barry owes $32.00 to his credit card company and he owes $20.00 for a yearbook. What would Barry’s bank balance be, if both debits were paid?

Answer 1

Answer:

Barry's account would be overdrawn by $2.00.

Explanation:

If Barry pays both debits, his bank balance would be:

$50.00 (original balance) - $32.00 (credit card debt) - $20.00 (yearbook cost) = $-2.00

Since the result is negative, it means that paying both debits would result in an overdraft of $2.00, which means that Barry's account would be overdrawn by $2.00.

Answer 2

To calculate Barry's bank balance after paying off both debts (credit card and yearbook), we need to subtract the total amount of the debts from his initial bank balance.Therefore, Barry's bank balance would be: $50.00 (initial balance) - $32.00 (credit card debt) - $20.00 (yearbook debt) = $-2.00This means Barry would have a negative balance of $2.00 in his bank account after paying off both debts.