Question

Conrad Savings Bank has a $50 overdraft fee. On Friday, Mr. McQuire deposited his paycheck of $332 for a total

account balance of $750. The next morning, his wife wrote a check for $1,183.15 for a new refrigerator and stove.
The check cleared the bank by the end of the day. What is the current balance in the McQuire's account?

Answer 1

The McQuires' account is currently overdrawn by $483.15.

Explanation:

If the McQuires' account balance was $750 on Friday and they wrote a check for $1,183.15 on Saturday, then the balance would be 750 - 1,183.15 = -$433.15 after the check cleared. Since the bank charges a $50 overdraft fee, the final balance in the McQuires' account would be -$433.15 - $50 = -$483.15. The McQuires' account is currently overdrawn by $483.15.

Answer 2

Answer: -433.15

Explanation:

he's id debt and has to pay off the 433.15 later on.