Question

Jamie got a paycheck of $85.00 this week. If she puts 1/5 of her paycheck into the bank, and then towards the end of the week, she went and took out $27.76, what is the balance in her account? Make sure to include a negative sign if it is a negative balance.

Answer 1

Jamie deposited 1/5 of her $85.00 paycheck, which is $17.00, into her bank account. After withdrawing $27.76, her balance is -$10.76, indicating a negative balance.

Step-by-step explanation:

Jamie got a paycheck of $85.00 this week and decided to put 1/5 of it into her bank account. To find out how much she deposited, we multiply $85.00 by 1/5, which gives us:

1/5 of $85.00 = $85.00 * 1/5 = $17.00.

After the deposit, she then took out $27.76 from her account. To find the balance in her account, we subtract the amount she took out from the amount she deposited:

$17.00 - $27.76 = -$10.76.

Therefore, Jamie's account balance would be -$10.76, meaning she has a negative balance of ten dollars and seventy-six cents.