Question

Tony had $360 in his savings account. His bank wants to make two transactions. A withdrawal as -$45 and a deposit as $25.What is the balance in his savings after the two transactions?

Answer 1

His balance will be $340.

Explanation:

1.) 360-45=315

- You do this because when you make a withdrawal you are removing a specific amount of money from your account. In this example you are making a withdrawal (removing) of $45 from your account of $360.

2.) 315+25=340

- You did this because a deposit is a specific amount of money you are adding. In this example you are depositing (adding) $25 to your new total of $315.