Question

Steve has overdrawn his checking account by $27. His bank charged him $15 for an overdraft fee. Then he quickly deposited $100. What is his current balance?

Answer 1

Explanation:

Overdrawn amount =$27

So Steve has negative $27 in the account.

Bank charge =$15 which Steve has to pay to the bank.

So Steve's account has negative $27 plus negative $15.

altogether negative (27+15)= 42.

As he deposits $100, this negative $42 will be deducted from the newly available amount.

so $100-$42 = $58.

Now he is left with $58 in the account