Question

Question 11

Your account statement arrived. You had a balance of -$52.79. After the $307.74 deposit from Roland's Bookstore, what is your new account balance? please help

Answer 1

Answer:

(1) $360.53 (2)$254.95

___________________

(1)If you have written ($52.79 + $307.74) then the answer will be (1)$360.53

(2)If you have written ( -$52.79 + $307.74 ) then the answer will be (2)$254.95

Thankyou.

Answer 2

The new bank balance after the deposit from the bookstore is 254.95 dollars.

• Balance in any account statement shows the amount of money in that account at that time
• A positive value in the account shows the actual deposit in the account that can be retrieved out.
• A negative value in the account balance shows the debt of that account that needs to be returned in.

Current Bank balance in account statement = - 52.79 dollars

( Negative balance shows debt that needs to be deposited )

Deposit amount from Ronald's Bookstore = 307.74 dollars

When any amount 'x' is deposited in any bank account with a balance of 'y', the new balance gets added i.e. x + y

Here, we have :

            x = 307.74 dollars

            y = - 52.79 dollars

So, the new bank balance = x + y

                                            $=307.74 + (-52.79)\\\\=307.74 -52.79\\\\=254.95$

Hence, the new bank balance is 254.95 dollars.

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