Question

A business has $10,000 in its bank account. In order to build an addition onto its office, it takes out a loan for $30,000 and deposits that money into the bank account. A number line is shown. The number line goes from zero dollars to forty thousand dollars by intervals of five thousand. A point is plotted at ten thousand dollars. What is the new account balance?

Answer 1

The new account balance is $40000

Explanation:

The number line is not given. However, the question can be solved without it.

Given

`Balance = \$10000`

`Loan = \$30000`

Required

Determine the new balance

`New\ Balance = Initial\ Balance + Loan\ Amount`

`New\ Balance = \$10000 + \$30000`

`New\ Balance = \$40000`

Hence:

The new account balance is $40000