Question

Marco has a balance of -$19 in his checking account. He deposits $368. The next day he buys a video game that costs $47 using his debit card. What is his new balance?

Answer 1

`New\ Balance = \$302`

Explanation:

Given

`Balance = -\$19`

`Deposit = \$368`

`Purchase = \$47`

Required

Determine the new balance

The new balance is calculated as:

`New\ Balance = Balance + Deposit - Purchase`

Purchase is subtracted because it represents debit.

So, we have:

`New\ Balance = -\$19 + \$368 - \$47`

`New\ Balance = \$302`

Hence, the new balance is $302