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. Arun's account has gone into overdraft. His balance is $-34.33. To get back to a positive balance, he plans to deposit money at a steady rate of $28.98 per week. How much will be in his account after 6 weeks? 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. Arun's account has gone into overdraft. His balance is  $-34.33. To get back to a positive balance, he plans to deposit money at a steady rate of  $28.98 per week. How much will be in his account after 6 weeks? Answer:  $

Bytelearn · Accepted Answer

Calculate Total Deposit: Calculate the total amount Arun will deposit over 6 weeks. Arun plans to deposit $28.98 each week for 6 weeks. To find the total amount he will deposit, multiply the weekly deposit amount by the number of weeks. $28.98/week * 6 weeks = $173.88Add to Current Balance: Add the total deposit amount to the current balance. Arun's current balance is -$34.33. To find the new balance after the deposits, add the total deposit amount to the current balance. $173.88 (total deposit) + (-$34.33) (current balance) = $139.55Check Calculation: Check the calculation for any errors. The calculation in Step 2 involves adding a negative number to a positive number. The correct approach is to subtract the absolute value of the negative number from the positive number, which has been done correctly.

Full solution

More problems from Multi-step word problems

Related topics