Question

Many bank accounts never go below zero. But some banks will allow a negative balance, at least for a short time, called an overdraft. It means someone has taken out, or 'drafted', more money than was in the account to begin with. Madeline's account went into overdraft. To get back to a positive balance, she deposited mone at a steady rate of $29.06 per week. After 8 weeks, she had $190.69 in the account. What was the balance when the account went into overdraft?​

Answer 1

-41.79

Madeline was overdrawn $41.79.

Explanation:

If she deposited $29.06 a week for 8 weeks, she put

8 × 29.06

= 232.48

$232.48 into her account. But they're saying she now has only $190.69. Some of the money went to payback the negative balance she had.

Balance+232.48=190.69

Balance=190.69-232.48

Balance = -41.79

Madeline had a negative balance of $41.79.