Question

Suppose you have a checking account, but you're overdrawn a bit, and your balance is currently −$250.25. You incur another charge on the account, which decreases your balance by $101.33. How much money do you need to bring your account balance back to $0?

Answer 1

$351.58

Explanation:

We have been given that you have a checking account, but you're overdrawn a bit, and your balance is currently −$250.25. You incur another charge on the account, which decreases your balance by $101.33.

Another decrease of $101.33 means that an amount of $101.33 is debited to account, so we will have another -$101.33.

Now, we will find the sum of money you owe to bank by adding both negative numbers as:

`-\$250.25+(-\$101.33)=-\$351.58`

To bring your account balance to 0, you need to add $351.58 to your account.

Therefore, you need an amount of $351.58 to bring your account balance back to $0.