Question

PLZ HELP IN A RUSH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

For this item, any answers that are not whole numbers should be entered as a decimal, rounded to the hundredths place.

Nicole started the day with $63.44 in her bank account. Later in the day, Nicole's bank processed a check that Nicole mailed last week to pay her electric bill. When this happened, the bank deducted $186.56 from Nicole's balance which caused her account to be overdrawn. Before the bank closed, Nicole made a deposit equal to 1/4 the amount her account was overdrawn. What was Nicole's bank balance at the end of the day?

At the end of the day, Nicole's bank balance was _________
dollars.

Answer 1

Her new balance = - 92.34

Explanation:

First find out what the check did.

She had $63.44 in her account. Her check caused her to be in the whole

63.44 - 186.56 = -123.12

Now she deposited 1/4 of that amount.

- 123.12 + (1/4)(123.12) = - 123.12 + 30.78

Her new balance = - 92.34