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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.

If the amount required to build the addition is $45,000, does the business have enough money in its bank account? Why?
O No, it will need $15,000 more because
$30,000-$45,000-$15,000.
O No, it will need $5,000 more because $40,000 - $45,000 = -$5,000.
O Yes, there is enough money because $45,000 - $45,000 = $0.
O Yes, there is enough money because $40,000-$40,000
$0.

User Obaskly
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1 Answer

4 votes

Answer:

B) no, it will need 5k more ...

Explanation:

the total amount the business has including the loan is 10k+30k=40k. they need 45k. they don't have enough and are lacking by 5k, thus B is the answer.

User Amitabha Roy
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8.2k points