Question

For this item, any answers that are not whole numbers should be entered as a decimal, rounded to the hundredths place.

Nicole started the say with $63.44 in her bank account. The bank deduced 186.56 from her account for her electric bill. Before the bank closed. Nicole made a deposit equal to 1/4 the amount her account was overdrawn. What was her balance at the end of the day?

Please explain how you got it if you can. :(

Answer 1

• - $92.34

Explanation:

Start balance:

• $63.44

Deduction:

• $186.56

Balance after deduction:

• $63.44 - 186.56 = -$123.12

Deposit:

• $123.12*1/4 = $30.78

Balance at the end of the day:

• -123.12 + 30.78 = -$92.34