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. Hunter's account went into overdraft. To get back to a positive balance, he deposited money at a steady rate of $24.21 per week. After 3 weeks, he had $13.25 in the account. What was the balance when the account went into overdraft? Answer: $

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. Hunter's account went into overdraft. To get back to a positive balance, he deposited money at a steady rate of  $24.21 per week. After 3 weeks, he had  $13.25 in the account. What was the balance when the account went into overdraft? Answer: $

Bytelearn · Accepted Answer

Calculate Total Deposited: Hunter deposited $24.21 per week for 3 weeks. To find the total amount deposited, we multiply the weekly deposit amount by the number of weeks. Calculation: $24.21 * 3 = $72.63Calculate Balance After 3 Weeks: After 3 weeks of depositing money, Hunter had $13.25 in the account. To find the balance when the account went into overdraft, we need to subtract the total amount deposited from the current balance. Calculation: $13.25 - $72.63 = -$59.38

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